SOCAR Energy Georgia Company to Gain Privileges to Transport  Bulked Cargo via Georgia

Oil&Gas Materials 9 September 2008 16:39 (UTC +04:00)

Azerbaijan, Baku, 9 September / Trend corr. E.Ismauilov /"The SOCAR Energy Georgia company (owned by the State Oil Company of Azerbaijan (SOCAR), which manage oil terminals, appealed to the Georgian Government with a request to prolong the date to define the yearly oil and oil product transport for two months," Mahir Mamamdov, General Director of the company, said on 9 September.

"If the company transports 4mln tons oil and oil products per year, it will be granted with discounts on transported tariffs," Mammadov said.

According to SOCAR Energy Georgia General Director, the company had to appeal to the government to decrease transport volume due to the Georgia-Ossetin conflict and closing of the Black Sea ports in Georgia. Furthermore, according to Mammadov, for this reason Georgian consignors of goods sought for alternative routes to transport their products.

At present, company transports 5,000-6,000 tons bulked cargo per day via Georgia and 150,000-200,000 tons per month.

Kulevi terminal was put into operation in 2008. The tank battery's volume totals 380,000 cu m. The port can accept tankers with the deadweight up to 100,000 tons. The total trans-shipment capacity of the terminal is 10mln tons oil per year, including 2mln tons oil, 3mln tons diesel and 4mln tons black oil. Its capacity is expected to be increased to 15-20mln tons within 2 years. The total volume of reserve park is 380,000 cu m.

SOCAR Georgia's co-founders are SOCAR - 51%, Petro-Trans FZCO - 32.7% and Ivan Chkhartishvili - 16.3%.

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