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Georgia depends on Libyan oil to bypass Russian crude sanctions
Colva Refinery in Georgia has adopted a plan to import Libyan oil as an alternative to Russian crude, following the signing of an agreement that will last until 2027. The goal is to diversify supply sources and avoid European sanctions. The refinery is set to receive its first shipment of Libyan oil by the end of August, as part of its efforts to comply with European requirements, after the refinery was added to the sanctions list in July. The facility is also working to enhance its production of petroleum derivatives, with plans to increase its capacity to 4.5 million tons annually, ensuring operational stability and strengthening energy security in Georgia.
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