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Kazakhstan Interested in Transporting its Oil via Georgia

Oil&Gas Materials 25 April 2008 20:29 (UTC +04:00)

Kazakhstan, Astana, 25 April / Trend corr K. Konirova/ "Kazakhstan is interested in transportation of its oil via Georgia," Kanat Bozumbayev, head of state-owned Samruk holding, said in Astana after his meeting with Georgian Economic Development Minister Ekaterina Sharashidze.

" Kazakhstan is interested in Georgia's infrastructure useful for the supply of Kazak oil to the consumers in the Black Sea littoral countries. Currently, we are negotiating with Georgia on transportation of Kazakhstan's oil products to the world markets via Georgian infrastructural companies. First of all, that regards railway and oil pipelines," Bozumbayev said.

He said Kazakhstan and Georgia have not yet agreed on transit tariff.

"If Kazakhstan gets an opportunity to transport several tens of million tons of oil per year in this direction with relatively low transportation cost, Georgia will definitely receive good money for transit," Bozumbayev said.

He reminded that state-owned KazMunayGaz purchased the port and oil terminal in Batumi.

"We intend to fill the shipping capacity of the terminal with Kazakh oil," he said.

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