SOCAR to be Involved in Export of Chevron Oil from its Terminal in Georgia
Azerbaijan, Baku / cork CapitalTrend S.Aliyev/ The company Cross Caspian, where SOCAR holds a 50% stake will sign a contract with the US company Chevron for oil transportation via Azerbaijan to world markets at the end of October or the beginning of November.
There are plans to sign a contract with Chevron on the transportation of 5mln tons of oil from the huge Kazakh oil field Tengiz, a SOCAR official said. Chevron is an operator of Tengiz.
Tengiz oil will be transported via Baku-Tbilisi-Ceyhan (BTC), operated by BTC Co, as well as by rail to the port of Kulevi and Batumi.
An agreement with Chevron has entered the final stage, the same source added.
Chevron will deliver oil from the Tengiz onshore field by rail to Kazakhstan's Caspian port of Aktau. From here the crude will be delivered by tankers to Baku. Oil from the Baku port will be transported to the Sangachal terminal operated by BP, where exit to the BTC pipeline is located.
Oil will be delivered to the Georgian ports by rail. SOCAR owns the Georgia Black Sea port of Kulevi and the Kazakh-Dutch alliance holds the Batumi port.