Additional 2 mln tonnes of oil to pass via Georgian corridor from Kazakhstan
“Active negotiations” are underway with Kazakhstan on the transportation of the additional volumes of oil and oil products through the Georgian corridor, the official also noted. Photo: Batumi Oil Terminal/Facebook
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About two million tonnes of oil and other oil products of Kazakh origin will pass through Georgia’s oil terminal in the coastal town of Batumi in 2022-23, Guram Guramishvili, the Deputy Economy Minister, announced on Thursday.
“Active negotiations” are underway with Kazakhstan on the transportation of the additional volumes of oil and oil products through the Georgian corridor, the official also noted.
Guramishvili pointed out the “competitiveness” of the Georgian corridor, saying statistics of cargo transported by international rail were characterised by growth dynamics despite the global pandemic.
He also said Georgian Railways were “actively working” to attract dry cargo in the middle corridor as well.
Kairbek Uskenbayev, the Minister of Industry and Infrastructure Development of Kazakhstan, announced earlier this week export and transit cargos from Kazakhstan would be redirected to the Trans-Caspian International Transport Route crossing Azerbaijan, Georgia and Turkey.
Export and transit cargos from Kazakhstan will be redirected to the Trans-Caspian International Transport Route (TMTM) crossing Azerbaijan, Georgia and Turkey, Kairbek Uskenbayev, the Minister of Industry and Infrastructure Development of Kazakhstan, announced on Tuesday.
The interest in Georgia's port infrastructure has increased by 250 percent since the outbreak of war in Ukraine, mainly from Northern European and Chinese customers, Irakli Danelia, the Head of Business Development at Maersk Sealand in the Black Sea Region, told business media outlet bm.ge on Tuesday.
A quadrilateral declaration on the Trans-Caspian East-West Middle Corridor has been signed by Georgia, Azerbaijan, Turkey and Kazakhstan, with the agreement emphasising the importance of steps to strengthen the transit potential of the signatory states, the Economy Ministry announced on Thursday.
Georgia and Kazakhstan are taking another step to develop the so-called “middle corridor” at the 10th Session of the Intergovernmental Commission on Economic Cooperation between Georgia and Kazakhstan.
Kazakhstan plans to transport two to three million tonnes of oil through the Georgian corridor in 2022, with further increase in the figure planned for the upcoming years, the Economy Ministry announced on Tuesday.