From January to June oil transit via the Georgian pipelines totaled 148 million barrels, down 2% against the same period 2015, reported Georgian Oil & Gas Corporation (GOGC).
During 6 months, 2016 132.4 million barrels of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline (decline by 1.7%) and 15.6 million barrels via Baku-Supsa pipeline (WREP) to the terminal on the Black Sea coast of Georgia (reduction by 4.3%).
In 2015 oil transit via the Georgian pipelines totaled 293.4 million barrels, up 0.5% against last year. Last year 262 million barrels was transported via BTC (growth by 0.6%), 31.4 million barrels of oil via WREP (similar to 2014).—0—
Economics
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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