TBILISI, November 3 – Swiss-based trading company Gunvor has agreed to purchase the foreign assets of Russian oil major Lukoil, according to Reuters via BPN. The deal comes just days after the United States imposed sweeping sanctions on Lukoil, Rosneft, and dozens of their subsidiaries. Lukoil said in a statement that it had received and … Read more
TBILISI, October 23 – Georgia’s banks will play by the rules after Washington slapped sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, and 34 of their subsidiaries. Natia Turnava, president of Georgia’s National Bank, said on Thursday that the country’s lenders “fully observe international sanctions” and that in this case “we will act … Read more
TBILISI, October 16 – Azerbaijan has exported 17.1 billion cubic meters of natural gas through the Baku-Tbilisi-Erzurum pipeline (also known as the South Caucasus Pipeline) between January and September 2024, according to data released by the country’s State Statistics Committee on Thursday. The volume represents a 1.98 percent increase compared with the same period last … Read more