SOCAR INCREASES ITS PROPERTY IN GEORGIA
The State Oil Company of the Azerbaijan Republic (SOCAR) has purchased Kulevi terminal located in the coastal area between the rivers of Tsiva and Xobi and the Georgian Black Sea coastline to provide the alternative transportation of oil and oil products via railway. Kulevi terminal will be used to receive, store and load crude and diesel onto the ships. The area of the terminal comes to 100 hectares.
SOCAR intends to construct an oil-refining plant here to refine oil to be transported to the coasts of the Black Sea in the future.
168 oil tank cars can simultaneously approach to the terminal through 4 railways. There is also a laboratory meeting international standards to check oil products, as well as a fleet consisting of 9 auxiliary service ships in Kulevi.
Reconstruction work has already started in the terminal. The construction of the railway belonging to SOCAR is going on here with a special platform for loading liquid being built too. The terminal, which will bring in close to ten million US dollars to Azerbaijan every year, will be put into operation in the second half of this year.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Top stories update
- [12:00]
Azeri Light sells for $102
- [10:21]
Germany to host summit of Ukraine allies next week
- 13.11.2026 [22:41]
Azerbaijani joins International Congress of Young Scientists in Kazakhstan
- 13.11.2026 [22:24]
Azerbaijan, Vietnam review mutual investment opportunities
- 13.11.2026 [22:15]
First Ministerial Meeting on CIGET initiative held at COP31
- 13.11.2026 [21:27]
Euclid offers best-ever 3D map of the universe to date
- 13.11.2026 [21:13]
Microsoft outage disrupts European businesses, public services
- 13.11.2026 [20:47]
Top stories update
- 13.11.2026 [20:00]
Ghanaian delegation visits Sumgayit Industrial Park
- 13.11.2026 [19:49]
Discussions held on establishing Azerbaijan House in Düsseldorf
- 13.11.2026 [19:08]
“Zero-Waste Sustainable Living” project presented as part of COP31
- 13.11.2026 [18:40]
Azerbaijan’s Victory Day marked in Sofia
- 13.11.2026 [18:26]
President Ilham Aliyev concluded working visit to Ireland VIDEO
- 13.11.2026 [18:20]
Azerbaijan pavilion hosts panel discussions as part of COP31
- 13.11.2026 [18:11]
Turkish deputy minister visits Azerbaijan pavilion at COP31
- 13.11.2026 [17:59]
Chapo calls on international community to honor climate commitments
- 13.11.2026 [17:39]
What we know about the global Microsoft outage
- 13.11.2026 [16:37]
11 killed as passenger van plunges into river in northern Pakistan
- 13.11.2026 [16:33]
Pakistan’s diabetes burden reaches 34.5 million: WHO
- 13.11.2026 [16:22]
Azerbaijani kickboxer claims 13th European title
- 13.11.2026 [16:16]
Azerbaijani Defense Minister extends condolences to Turkish counterpart
- 13.11.2026 [15:30]
4,950 people evacuated amid flooding in Myanmar's Shan state
- 13.11.2026 [15:11]
Azerbaijan’s Central Bank, World Bank discuss future cooperation
- 13.11.2026 [14:58]
Oil prices decline on global markets
- 13.11.2026 [14:43]
Baku hosts Second AI Summit
- 13.11.2026 [14:30]
43 militants killed in security operations in NW Pakistan
- 13.11.2026 [14:25]
Type 2 diabetes linked to 53 pct higher Alzheimer's risk: study
- 13.11.2026 [14:24]
Azerbaijan’s Media and Broadcasting Council issues statement
- 13.11.2026 [14:20]
Another thematic day at COP31 focuses on finance and trade
- 13.11.2026 [14:19]
Opening ceremony of “Eternity-2026” exercise held in Baku
- 13.11.2026 [11:57]
Gold prices rise, while silver declines on global markets
- 13.11.2026 [10:24]
Azeri Light sells for $99
- 13.11.2026 [10:15]
Leyla Aliyeva holds a series of meetings at COP31
- 13.11.2026 [02:47]
President Ilham Aliyev met with President of Lithuania in Dublin VIDEO
- 13.11.2026 [00:27]
Zero Waste Museum inaugurated during COP31
- 12.11.2026 [22:21]
President Ilham Aliyev met with Prime Minister of Greece in Dublin VIDEO
- 12.11.2026 [22:05]
Azerbaijan, Kyrgyzstan discuss environmental issues on sidelines of COP31
- 12.11.2026 [21:14]
Junior Azerbaijani gymnast wins world silver in China
- 12.11.2026 [21:11]
Azerbaijan and Tajikistan discuss issues on environmental protection
- 12.11.2026 [21:09]
Azerbaijan, World Bank explore cooperation priorities
- 12.11.2026 [20:40]
Top stories update
- 12.11.2026 [20:00]
President Ilham Aliyev met with Prime Minister of Bulgaria in Dublin VIDEO
- 12.11.2026 [19:47]
Baku hosts 17th Azerbaijan-Türkiye High-Level Military Dialogue meeting
- 12.11.2026 [19:13]
Nvidia CEO Jensen Huang resigns; finance chief named interim leader
- 12.11.2026 [18:55]
Concert marking Azerbaijan`s Victory Day and State Flag Day held in Ashgabat
- 12.11.2026 [18:55]
Meeting of the TURKPA Young Parliamentarians held in Ankara
- 12.11.2026 [18:48]
EU clears €2.04bn support scheme for Belgian OWP
- 12.11.2026 [18:46]
Shusha represented at 20th World Conference of Historical Cities in Japan
- 12.11.2026 [18:45]
Azerbaijani and Tajik defense ministries hold meeting on UAV training
- 12.11.2026 [17:54]
Azerbaijani female boxer wins silver at Dakar 2026 Youth Olympic Games
- 12.11.2026 [17:35]
® ABB launches DigiLife online magazine!
- 12.11.2026 [17:24]
Azerbaijan’s Victory Day and National Flag Day celebrated in Cairo
- 12.11.2026 [17:21]
Azerbaijan conducts trade operations with 178 countries
- 12.11.2026 [16:59]
Azerbaijan, George Washington University expand educational partnership
- 12.11.2026 [16:51]
President Ilham Aliyev met with President of Moldova in Dublin VIDEO
- 12.11.2026 [16:26]
UN chief warns grid bottlenecks stall clean energy transition at COP31
- 12.11.2026 [16:08]