Black Sea Petroleum completes shift to non-Russian crude at Kulevi
Black Sea Petroleum (BSP) has started refining fully non-Russian-origin crude oil at its Kulevi Oil Refinery in Georgia as of August 24 this year. BSP has completed the process of replacing Russian-origin crude oil with alternative feedstock, and the Kulevi refinery is now operating exclusively on crude oil from non-Russian sources. Over the past two months, the Kulevi Oil Refinery – located on…
Black Sea Petroleum (BSP) has transitioned its Kulevi Oil Refinery in Georgia to refine exclusively non-Russian-origin crude oil, starting on August 24. The refinery, situated on Georgia's Black Sea coast, has been progressively diversifying its feedstock over the past two months, as announced by BSP. The diversification process involved receiving Kazakh crude oil in July, according to Georgia’s National Statistics Office.
BSP had planned to completely replace Russian crude oil by August 2026, as stated in a company statement from the same month. In addition to the Kazakh crude oil, BSP anticipates receiving shipments from Libya, with a supply agreement in place until the end of 2027.
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