In July, Georgia imported Kazakhstani oil for the first time. The shipment totaled 5,500 tons and was worth $3.2 million, according to data from Georgia’s National Statistics Office.
The average price of oil shipped from Kazakhstan was around $582 per ton. For comparison, Georgia imported 87,400 tons of Russian oil that same month, worth $36.4 million, or around $416 per ton — $166 per ton, or 40%, below the price of Kazakhstani crude.
Georgia seeks alternative to Russian oil
Kazakhstani oil deliveries to the Georgian market come amid changes in crude supply pattern to the Kulevi Oil Refinery.
Georgia’s...