Crude oil supply
Kulevi Oil Refinery operates exclusively on non-Russian crude oil. This sourcing policy is permanent.
BSP’s controls include counterparty and vessel screening and checks of crude oil origin against contracts, shipping documents and customs records. Supporting documentation includes independent inspection reports from Intertek and confirmations from SOCAR’s Black Sea Terminal.
Investment and development
BSP’s development plans focus on expanding Kulevi Oil Refinery’s capacity and broadening its product range, including Euro 5 fuels. The planned expansion offers opportunities for cooperation with European equipment suppliers, technology providers and industrial partners.
Supply opportunities for Europe
Located on Georgia’s Black Sea coast, the refinery offers an additional supply route for European markets. Its existing production provides a basis for supplying straight-run products, while the planned expansion would increase available volumes and broaden the product range.
The expansion would also help meet fuel demand in Georgia and Armenia, strengthening regional supply and energy independence.
Ownership and control
BSP is privately owned by Georgian nationals. It is not a state-owned company.
Further information on the ownership structure and ultimate beneficial owners is available in BSP at a Glance.
