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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Azerbaijan's Economy Minister Mikayil Jabbarov held discussions with Jérôme Beaumont, Executive Secretary of the Egmont Group, a financial intelligence organization, during the COP29 conference.
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November 16 (Reuters) - Azerbaijan’s Minister of Economy, Mikayil Jabbarov, met with Marco Arcelli, CEO of Saudi Arabia’s ACWA Power, during the COP29 climate summit to review the progress of joint projects in renewable energy.
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Azerbaijan's Minister of Economy, Mikayil Jabbarov, held talks with Heather Evans, Deputy Assistant Secretary for Manufacturing at the U.S. International Trade Administration, focusing on bolstering bilateral ties in energy, trade, and green development.
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The process of securing financing for the construction of the Bilasuvar solar power plant with a capacity of 445 MW and the Neftchala solar power plant with a capacity of 315 MW has been successfully completed.
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