Georgia's Kulevi opens a new oil terminal
Owned by the Azerbaijan State Oil Company (ASOC), the Kulevi Oil Terminal (Black Sea Terminal) will be the largest oil terminal in South Caucasus, according to ASOC president, Rovnag Abdullayev.
Georgian President Mikhail Saakashvili said that Georgia had become a corridor to transport Azerbaijan's energy resources to Europe. Kulevi will become Georgia's third sea gate, after Batumi and Poti, he said.
The terminal has a transshipment capacity of 10 million metric tonnes (mt) of fluid cargo per year, including 2 million mt of oil, 3 million mt of diesel fuel and 4 million mt of fuel oil.
Capacity of the reserve tank of the terminal is 320,000 cubic metres (m³).
There are plans to increase the capacity of the terminal up to 20 million mt and the reserve capacity up to 380,000 m³.