BAKU, Azerbaijan, April 23. Georgia, almost
entirely dependent on fuel imports, has seen domestic prices rise
by more than 46% amid rising prices for oil and petroleum products
on global markets, Mirza Shavgulidze, head of the commercial
department at SOCAR Georgia Petroleum, said during the Second
Caspian and Central Asian Oil Logistics and Trading Forum in Baku,
Trend reports.
According to him, as the market developed, systemic constraints
that needed to be addressed became apparent.
“These include a shortage of railcars, limited storage capacity
for petroleum products, and pressure from transit flows, albeit to
a lesser extent,” he noted.
Shavgulidze emphasized that Georgia’s geographic location
between the Caspian and Black Seas creates significant transit
potential.
“Georgia’s strategic location between the Caspian and Black Seas
offers unique opportunities for the transit of oil and petroleum
products. However, to realize this potential, it’s necessary to
address current logistical bottlenecks, primarily by increasing the
railcar fleet and expanding storage capacity,” he added.
