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Oil prices rose above $100 a barrel for the first time since July on Wednesday as an escalation of hostilities in the Middle East raised fears over global supplies.

#BLOE $BLOE #Oil

🇬🇪 Georgia is increasingly positioning itself as a destination for international investment and energy is firmly part of that story.

For #BLOE with its established Georgian oil & gas portfolio, that provides an increasingly interesting macro environment.

https://sponsored.bloomberg.com/immersive-story/invest-in-georgia/a-route-to-growth

🇬🇧🇬🇪 The investment and energy relationship between the UK and #Georgia continues to strengthen.

The UK is Georgia’s largest source of FDI, while Georgia continues to invest in strategic gas infrastructure, diversify energy supply and attract international capital. #BLOE

Georgia’s reliance on imported energy continues to grow, with petroleum-product imports up 32.7% in value.

The strategic importance of developing Georgia’s domestic oil & gas resources is becoming clear. 🇬🇪

That is exactly where UK-listed #BLOE sits.

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