Kazakhstan’s gas distribution firm KazTransGaz, a subsidiary of the national oil and gas company KazMunaiGaz, and Batumi Oil Terminal (Georgia) have created a joint venture on the basis of this terminal, Interfax- KazakhstanKazakhstan’s oil production companies, press center of KazTransGaz reports. reports according to oilru.com. The main purpose of the company is to ensure direct access to the Black Sea for
Batumi Oil Terminal is the first foreign oil transport asset of Kazakhstan with a direct access to the world ocean. It is the key element of trans-Caucasus oil transport corridor. Its customers include largest oil companies of the world including ExxonMobil, Chevron and BP. Within last 7 years BOT increased transshipment of oil and oil products nearly four times and plans to load a record 12 million tons from Batumi in 2006.