Georgia not to face problems with Iranian fuel deficit

Oil&Gas Materials 31 January 2012 15:07 (UTC +04:00)

Georgia, Tbilisi, Jan. 31 / Trend N. Kirtzkhalia /

Georgian will not face any problems with fuel supply in the case of a shortage of Iranian fuel, market reps told the Georgian Kommersant radio today. They commented on the threat of rising fuel prices in Georgia due to the confrontation between the West and Iran.

According to Lukoil representatives, it is difficult to make predictions about Iran. In any case, Europe will not face a shortage of fuel.

Chairman of the Oil Importers Union Vano Mtvralashvili said a shortage is excluded because the country does not depend on Iranian fuel.
Fluctuations in international markets are not strong enough to impact Georgia, he said.

He said in any case an alternative to Iranian oil must be found.