Kazakhstan plans to increase oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline as part of deepening strategic ties with Georgia following talks between President Kassym-Jomart Tokayev and Georgian Prime Minister Irakli Kobakhidze in Astana, reports UNN citing Euronews.
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This statement came amid Kazakhstan's ongoing diversification of export routes along the Trans-Caspian International Transport Route (TITR), also known as the "Middle Corridor."
Transit volumes along this route have nearly quadrupled over the past five years. By 2029, Kazakhstan expects up to 3,000 container trains annually along the corridor connecting China with Europe via Kazakhstan, the Caspian Sea, Azerbaijan, and Georgia — bypassing the territory of the russian federation.
"We plan to increase the volume of oil supplies via the Baku-Tbilisi-Ceyhan pipeline. Work within the framework of the intergovernmental commission on trade and economic cooperation is already underway, and I hope that today's meeting will help identify new priorities for the future," Tokayev said.
Astana also plans to strengthen its presence in Georgia's Black Sea ports.
In addition to the oil terminal in Batumi, owned by the Kazakh company KazTransOil, the country is expanding logistics infrastructure in Poti, where a new multimodal terminal with Kazakh investments opened last year. The future deep-water port of Anaklia was named as another promising project.
Kazakhstan will increase oil transit bypassing Russia 13 times26.11.24, 11:25