The Kulevi Oil Terminal project was originally authorised by president Shevardnadze's decree on September 8, 1999.

[2] Subsequently, the construction began near the village of Kulevi by Terminal 2000 Ltd, a partnership created between Argomar Oil Ltd and Georgian Railway.

[4] Construction resumed in September 2004 under an international consortium of investors led by a Georgian business tycoon Badri Patarkatsishvili.

[3] Two years later Badri Patarkatsishvili sold his stake in Kulevi Terminal, then still under construction, to the State Oil Company of Azerbaijan (SOCAR) for an undisclosed sum of money.

The terminal has annual processing capacity of 10 million tonnes of crude oil and refined products.