Georgia Refinery Shifts from Russian to Kazakh, Libyan Crude Amid EU Sanctions

Georgia's Kulevi refinery has begun sourcing crude from Kazakhstan and Libya, moving away from Russian supplies ahead of January's EU sanctions. The refinery processed Kazakh crude in July and will continue in August, with a Libyan cargo expected by month-end under a new supply agreement. This shift reflects ongoing adjustments in global oil supply chains due to geopolitical pressures. While a localized change, such shifts contribute to the broader dynamics influencing international crude oil prices, which indirectly impact Pakistan's import bill and the PKR.

بحوالہ / Source: oilprice.com