Our History

2009

Establishment of Petrocas Energy Group

The Petrocas journey began in 2009, when industry professionals in oil trading, logistics and storage created a diversified company to provide top of the line logistics solutions in the Caspian Basin and Black Sea energy corridors. In short period of time Petrocas managed to position itself as regional transit expert and service provider.

2010

Launch of Retail Petroleum Business – Gulf Oil International

In November 2010, Petrocas acquired a full operating license from Gulf Oil International and launched Gulf Georgia, which a decade later with 150 branded stations and the largest convenience store operator became a market leader in retail sector of Georgia.

2011

Channel Energy – Poti Oil Terminal

In 2011, Petrocas acquired an oil terminal in Georgia’s Black Sea Poti Port. The Channel Energy oil terminal is entirely unique in Georgia, and one of the most modern on the Black Sea coast, and the backbone of the Group’s trading, logistics, aviation and retail activities.

2012

Trading Activities

Petrocas has commenced its trading operations by sourcing and suppling Caspian origin oil products to end users system in Europe. Petrocas Trading became one of the key suppliers to Afghanistan peace mission.

2014

Partnership with JSC Rosneft

December 2014 marked another milestone of Petrocas, by divestment 49% of stake and creating Join Venture with one of the world’s largest publicly listed oil companies, JSC Rosneft. Joint Venture has allowed Petrocas Energy Group to boost its trade and supply activities throughout the Caspian, Black Sea and Mediterranean region, simultaneously enhancing other business segments and opening up future expansion opportunities.

2017

Gulf Aviation

The most recent addition to Petrocas’ diversified business portfolio is the aviation fueling business – Gulf Aviation, which was established in September 2017. Gulf Aviation provides high quality aviation fuel along with top of the line fueling services through our own infrastructure and integrated supply chain in all of Georgia’s international and domestic airports.

2020

Today and Tomorrow

Since its inception, Petrocas Energy Group has become a full-fledged holding company which sources, supplies and stores petroleum products to satisfy the diverse needs of clients and end-users. The Group continues to strive to bridge future energy as the Caspian Basin, the Black Sea and the Mediterranean are poised to grow as some of the world’s most important petroleum arteries.