Kulevi Oil Refinery Development
Sector: Oil and Gas • Location: Kulevi, Georgia
Source: Energies Media
Georgia is developing the Kulevi region as a new refining hub in the Black Sea. The Kulevi Oil Refinery, costing an estimated $700 million, was developed by Black Sea Petroleum and partially funded by Georgia's state-owned Development Fund. The refinery aims to provide vast amounts of refined energy products for the international market and is advancing despite concerns over the source of recent o
- Status
- Closed
- Sector
- Oil and Gas, Government
- Location
- Kulevi, Georgia
- Updated
- 22 Jul 2026
- Source
- Energies Media
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Project Information
Participants
Sponsoring Agency |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Georgia is developing the Kulevi region as a new refining hub in the Black Sea. The Kulevi Oil Refinery, costing an estimated $700 million, was developed by Black Sea Petroleum and partially funded by Georgia's state-owned Development Fund. The refinery aims to provide vast amounts of refined energy products for the international market and is advancing despite concerns over the source of recent oil shipments, which are alleged to be linked to Russian oil under sanctions. |
Original sector | Energy |
Budget |
Location
Country | Georgia |
City | Kulevi |
Source
Source | Energies Media |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Government |
Article published date | 2025-12-27 |
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