Kazakh Semurg Invest Announces Annual Oil Transportation Volume Via Middle Corridor
(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 8. As planned, circa
20 million tons of oil will be transported through the Middle
Corridor (Trans-Caspian International transport Route or TITR) per
year, Nurzhan Marabayev, General Director of Kazakhstan's SEMURG
INVEST company, said, trend reports.
According to Marabayev, strategic tasks related to the
diversification of oil export routes will also be picked.
"The TITR, as the shortest and most reliable route for
transportation from Central and Eastern Asia to Europe, is gaining
increasing importance in the current geopolitical situation. Nearly
80 percent of all continental shipments between China and Europe
pass through Kazakhstan," he said, adding that "the construction of
the oil-loading terminal at the Port of Kuryk, with an annual
transshipment capacity of up to 5.5 million tons, will make a
significant contribution to the development of the TITR".
Only the first phase of the project implementation will allow
for covering up to 25 percent of the planned volume of
diversification of the oil export flow through the Middle Corridor,
the company's head noted.
Marabayev also noted that the oil-loading terminal in the future
may handle chemical bulk cargoes, including green ammonia, opening
up opportunities for the transshipment of bulk cargoes for the oil
and gas chemical industry and "green" projects.
SEMURG INVEST is the developer and owner of the Multifunctional
Marine Terminal Sarzha ("MMT Sarzha") in the Port of Kuryk.
Recently, the company became a member of the International
Association of the Trans-Caspian International Transport Route.
The development concept of the Port of Kuryk includes the
construction of several terminals. Currently, the port area
operates a ferry complex and a transport and logistics center. The
construction of two berths, access railway tracks, the first phase
of the grain terminal, and the general cargo terminal has been
completed. Cargo transshipment is planned to commence in July of
this year.
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