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SOCAR’s oil terminal in Georgia plans to increase cargo transshipment by 20%

24 April 2026 13:42 (UTC +04:00)

SOCAR’s oil terminal in Kulevi plans to handle 3 million tons of products this year, Ismayil Karimov, Director General of the Black Sea Terminal (SOCAR’s terminal located on the Black Sea coast), told APA-Economics on the sidelines of the 2nd Caspian and Central Asia Oil Trade and Logistics Forum organized by GLENMAR Group, APA-Economics reports.

According to him, this figure stood at 2.5 million tons last year. Thus, this year the Black Sea Terminal may increase its transshipment volume by 20%.

“This is planned to be achieved through infrastructure improvements and acceleration of turnover,” Ismayil Karimov noted.

He added that a project is currently underway at the Kulevi terminal for the construction of four new storage tanks, each with a capacity of 20,000 cubic meters (a total of 80,000 cubic meters). The contractor company plans to complete the work by mid-next year.

The investment value of the project amounts to $25 million and is financed by the terminal itself.

Note that the terminal’s current storage capacity stands at 407,000 cubic meters.