Russia ships first oil to refinery in Georgia's Kulevi

Russian company Russneft has supplied a first oil cargo to the newly built Kulevi oil refinery in Georgia this month, Reuters reported, citing LSEG ship-tracking data and industry sources.

The tanker Kayseri delivered 105,340 metric tons of Siberian Light oil grade from Russia's Black Sea port of Novorossiisk to the Kulevi Oil Terminal on October 6.

It started operations this month, with an initial processing capacity of about 1.2 million tons of oil a year, or about 24,000 barrels per day.

It will gradually increase its annual capacity to 4 million tons in 2028, aiming to supply fuel both for export and the domestic market.