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Absence of Azerbaijani Petrol Causes Georgians to transfer to European Fuel

Oil&Gas Materials 17 January 2007 12:28 (UTC +04:00)

Due to the country's transition to the mazut regime and the refinery of a large volume of oil at the Baku Refinery Plants, Azerbaijan has ceased delivery of gasoline to Georgia since the end of December 2006.

The Georgian Ministry of Economic Development informed the Trend Correspondent in Georgia that the cessation of Azerbaijan petrol will not result in Georgia being without this product.

This is bound to influence petrol prices, as the people of Georgia will not use cheap Azerbaijan petrol and will instead opt to buy relatively expensive European petrol, the Ministry said.

Along with Azerbaijan, Georgia also imports petrol from Romania, Bulgaria, Italy and Russia. The share of Azerbaijani petrol at the Georgian market is 40%.

Independent experts agree with the Ministry of Economic Development and state that this temporary measure will not seriously affect the petrol situation in Georgia.

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