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Georgia sees decrease in import of aviation fuel

Oil&Gas Materials 22 January 2021 17:19
Georgia sees decrease in import of aviation fuel

BAKU, Azerbaijan, Jan. 22

By Tamilla Mammadova – Trend:

The import of fuels and lubricants to Georgia amounted to 19,080 tons in 2020, which is 1,260 tons and 6.2 percent less than in 2019, Trend reports referring to the Union of Importers of Oil Products of Georgia.

The largest supplier of this product to Georgia is Turkey - 5,590 tons (29.3 percent of total imports), followed by Russia - 3,260 tons (17.1 percent), Germany - 1,600 tons (8.7 percent) and Iran - 1,280 tons (6.7 percent).

In 2020, imports of aviation fuel to Georgia amounted to 56,400 tons, which is 45,400 tons or 44.6 percent less than in 2019.

The largest supplier of aviation fuel to Georgia was Turkmenistan - 44,300 tons (78.5 percent of total imports), followed by Turkey - 8,900 tons (15.8 percent), Romania 2,200 tons (3.9 percent) and Greece - 1,000 tons (1.8 percent).

As the Union notes, COVID-19 is the main challenge for Georgia.

"Various restrictions imposed by the Georgian government, including regulations on the movement of vehicles, have caused less fuel consumption and reduced fuel sales," the union said.

The second major challenge was the depreciation of the Georgian national currency against foreign currencies.

"The oil prices hit a record low due to the pandemic. But, the recent reassuring information has led to another new wave of rising oil prices," said the message.

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