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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
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Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
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Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Transition to Non-Russian Crude
Black Sea Petroleum (BSP) has successfully transitioned to using only non-Russian crude oil at its Kulevi Oil Refinery in Georgia. This shift was completed on August 24, 2026, marking a significant change in the refinery's operations.
## Diversification Efforts
The Kulevi refinery, situated on Georgia's Black Sea coast, has been undergoing a feedstock diversification process over the past two months. This initiative was part of BSP's strategy to replace Russian-origin crude with alternative sources.
## New Supply Sources
In July 2026, BSP began receiving crude oil from Kazakhstan, as reported by Georgia’s National Statistics Office. Additionally, the company has secured a supply agreement with Libya, ensuring crude oil shipments through to the end of 2027.
## Strategic Move
This strategic move aligns with BSP's broader efforts to diversify its crude oil sources, enhancing the refinery's operational resilience and reducing dependency on Russian supplies.
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