Introducing Black Sea Petroleum
Black Sea Petroleum LLC was founded in 2022 for the purpose of implementing the construction and further operation of the Kulevi Oil Refinery.
PROMOTING THE COUNTRY'S ENERGY INDEPENDENCE
We believe, the new industrial ecosystem based on Kulevi Oil Refinery ecosystem is going to be one of the key instruments for Georgia’s energy-sustainability, GDP growth and further development.
PROMOTING ECONOMIC GROWTH OF THE COUNTRY
Oil refineries play a significant role in Georgia's economic development, including: creating job opportunities, export potential, supporting other economic sectors such as transport, manufacturing, and agriculture by supplying fuel and petrochemical products. Additionally, attracting investments - sending a signal of industrial maturity and infrastructure development, which could attract additional foreign direct investments in the energy sector.
INCREASING EMPLOYMENT
At Black Sea Petroleum, we value our corporate social responsibility and create a safe working environment for our employees and care both for the surrounding population and environment.
INCREASING EXPORT POTENTIAL
The main strong point of the Kulevi Oil Refinery is its geographical location of Georgia - proximity to raw material and sales markets, the geographical location of the refinery - the Black Sea coast, proximity to major transport hubs - the Kulevi terminal - 2 kilometers, which can accept and load both rail and sea transport. It is also important to have backup options that can be used in the event of an emergency - the Poti port - 30 kilometers, the Supsa Oil Terminal (the last point of the Baku-Supsa oil pipeline) 55 kilometers, the Batumi port - 100 kilometers.
To receive Crude Oil - the company needs a maximum of 3-4 days by rail from Baku, and a maximum of 2 days by sea from the sea terminal of CPC.
Delivery of sold products to the main export markets (by sea transport): Turkey, Romania (naphtha) – 1-2 days; Mediterranean region countries (naphtha, diesel) - Greece - 4-5 days, Italy - 5-6 days, Spain - 8-9 days and France from the Atlantic Ocean side - 12-14 days; USA (fuel oil) - maximum 20-21 days.
