Kazakhstan and Turkmenistan report on oil transport via TRACECA

May 11, 2006 02:00 AM

The transportation of oil and oil products from Kazakhstan and Turkmenistan via the transport corridor Europe-Caucasus-Asia (TRACECA) are expected in the volume of 10 mm tons.
Akif Mustafayev, National Secretary of Azerbaijan, made such statement on May 10 in the TRACECA Intergovernmental Commission.

According to him, in relation with the implementation of plans of Kazakhstan, Turkmenistan, and Iran on creation of their own tanker fleets, big competition is expected in the area of oil transportation.
"Besides, even after the commissioning of Baku-Tbilisi-Ceyhan (BTC) pipeline there are guarantees that not less than 10 mm tons of oil and oil products per annum will be transported from Kazakhstan and Turkmenistan via the Eurasian corridor by tankers and further by railway to Georgia," the National Secretary said.

At the same time, Mr Mustafayev noted that currently an increase of dry cargo transportation from other Central Asian countries participating in the TRACECA, in particular, from Uzbekistan, Tajikistan, and Kyrgyzstan, is considered.
"The agenda includes development of transportation of soy oil, cotton, and other commodities from Uzbekistan, Tajikistan, and Kyrgyzstan. These commodities were transported previously, but then the transportation was suspended due to some reasons," he explained.

Source: Kazakhstan Today
Market Research
Upcoming Conferences