TRACECA: Cargo transportation via Azerbaijan's transport sector will up by 2030

Oil&Gas Materials 11 March 2010 10:12 (UTC +04:00)

Azerbaijan, Baku, March 10 / Trend E.Ismayilov /

By 2030, the volume of the cargo transportation via the Azerbaijani transport sector in the foreign trade with non- TRACECA countries will grow by 500 percent compared to the figure in 2007, the Transport and Trade Atlas of TRACECA prepared by the Dutch NEA company under the project "Improving the quality of training in the transport sector in CIS countries (TRACECA).

According to NEA, in 2007 crude oil led Azerbaijan's trade with non- TRACECA countries. The volume of oil transportation was more than 12 million tons.

The company forecast that by 2030, traffic volumes of crude oil will reach 30 million tons. This applies mainly to exports.

It is projected that by 2030, oil products will occupy the second highest volume in the traffic. The figure will be 9mln tons compared to 2mln tons in 2007. The highest growth is expected in the field of transport machinery, transport equipment and miscellaneous manufactured products, which by 2030 will be approximately 480 percent.

In 2007, volumes of oil products in trade with the TRACECA countries amounted to 1.5 million tons and were presented in the main export lubricants.

In 2007-2030, the growth is estimated at nearly 300 percent. This means that by 2030, volumes will grow to 6.3 million tons.

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