In October 2013 the Batumi Oil Terminal registered a record number of transshipped oil and oil products during the past three years – 612,751 tons. The closest index was registered in March 2010 – 620,429 tons.
“The Batumi Terminal has a significant advantage over the other Black Sea terminals, because it is able to transship up to 22 types of oil products, including crude oil, light and dark oil products and liquefied hydrocarbon gas,” said Talgat Baytaziyev, General Director of Batumi Industrial Holdings Ltd.
Batumi Industrial Holdings Ltd is 100% daughter company of KazTransOil JSC. It includes Batumi Oil Terminal and Batumi Sea Port.
Mainly Kazakhstan oil is exported through this port. ExxonMobil company also exports its share of oil extracted on the Azerbaijani Azeri and Guneshli fields to the world markets from the Batumi terminal.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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