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

Oil&Gas Materials 4 June 2008 15:06 (UTC +04:00)

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, Director General of the company, stated.

Company supplies the fluid cargo to the Georgian ports via the territory of Azerbaijan to Kazakhstan and Turkmenistan.

"Part of cargo may be transported via the BTC (Baku-Tbilisi-Ceyhan pipeline) and not less than 14mln tons of cargo will be transported by the railway corridor in the direction of Kulevsk, Batumi and Poti terminals (located in Georgia)," Solovyev said.

The volume of cargo transport via the territory of Azerbaijan may be increased thanks to such clients, who have largest oil resources bin Kazakhstan. The guaranteed volume of transportations will make up 10 or 11mln tons in 2008.

As for the Georgian-based Kulevi terminal, which is under the ownership of the State Oil Company of Azerbaijan (SOCAR), Solovyev said that the most part of cargo would be transported to this terminal for 1 or 2 months.

"Cargo has been already delivered to Kulevsk terminal. We are going to develop first tankers. The equipment in the terminal meets the standards," Solovyev stated.

The specific gravity of transported Kazakh and Azerbaijani fluid cargo to Kulevi terminal will total 40% and Turkmenistan -20%.

Cross Caspian Oil & Gas Logistics is one of the leading shipping companies in Azerbaijan. The company was established to render hydrocarbon transport service via the Caspian and Black Seas.

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