Cross Caspian Plan to Increase Fluid Cargo Transit to 20% via Azerbaijani territory in 2009 (corrected)

Azerbaijan, Baku, 4 June / Trend corr. A.Badalova / The logistic company Cross Caspian Oil & Gas is planning to transport over 14mln tons of fluid cargo in 2009 against 10-12mln tons in 2008, Dmitriy Solovyev, Acting Director General of the company, stated.

Company co-ordinates transshipment of the oil cargoes to the Black Sea via terminals in Azerbaijan and Georgia interconnected with the railway systems.

" A shipper perspectively may deliver his crude oil via the BTC (Baku-Tbilisi-Ceyhan pipeline) if there is an agreement with and up to14-15 mln tons of cargo will be transported by the railway corridor to the Kulevi, Batumi and Poti marine oil terminals (located in Georgia)," Solovyev said.

The volume of cargo transport via the territory of Azerbaijan may be increased taking into account perspective customers, producing oil in Kazakhstan. The expected volume of total transhipment will make up 10 or 11mln tons in 2008.

As for the Kulevi marine oil terminal, whose majority shareholder and operator is the State Oil Company of Azerbaijan (SOCAR), Solovyev said that cargo volumes transported to this terminal will build up in few months..

The specific gravity of transported Kazakh and Azerbaijani fluid cargo to Kulevi terminal may total at 40% each and Turkmenistan -20% in 2009.

Cross Caspian Oil & Gas Logistics is the joint venture with SOCAR and one of the leading companies engaged in oil transportation in the region.

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