AIC
Azerbaijan becomes Georgia’s largest oil bitumen exporter
Azerbaijan accounts for 59.8 % of Georgia oil bitumen imports during January-September 2020, local media has reported.
During the reporting period, Azerbaijan exported 54,100 tons of oil bitumen to Georgia, becoming Georgia's largest bitumen exporter. During the reporting period, Georgia imported 90,500 tons of oil bitumen.
The main suppliers of oil bitumen to Georgia are Iraq with 22,200 tons, Iran with 7,600 tons, Russia with 3,200 tons), and Turkey with 2,100 tons. Earlier it was reported that Georgia accounted for 1.6 billion m3 of gas exports from Azerbaijan.
Additionally, the trade turnover between 2 countries during the reporting period amounted to $416 million. Azerbaijan's export to Georgia amounted to $365.6 million, while import to Azerbaijan amounted to $50.3 million.
Azerbaijan's SOCAR has invested about $100 million in social projects in Georgia. Many new schools have been built and renovated in Georgia. Also, cultural centers, kindergartens, and sports complexes have been built and put into operation. This work was carried out in the regions where Azerbaijanis live and in all areas of Georgia.
Likewise, SOCAR is planning to build a sports complex in Georgia's village Qizilhajili and a kindergarten in the village of Gabali. Besides, SOCAR Georgia Gas began constructing a 13,145-meter gas distribution network in Georgia's town of Ilmazli, which will cover several neighboring settlements.
SOCAR launched its activity in Georgia in 2006. Main directions of SOCAR Georgia Gas activity comprise exports to the Georgian market and sale of natural gas and construction and rehabilitation of gas pipelines. Additionally, SOCAR Georgia Petroleum was established in 2006, and at present, there are over 70 filling stations at the subordinate of the company.
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