BAKU, Azerbaijan, Aug.31. The Black Sea Oil Terminal in Georgia (Kulevi), owned by Azerbaijan’s state oil company SOCAR, has ambitious plans to double its handling capacity by the end of 2024, aiming to reach an annual throughput of 4 million tons, Trend reports.
The company said it is actively working on expanding its infrastructure to attract greater volumes of liquefied gas and petrochemical products.
Notably, the terminal's management foresees a rise in transit activities involving goods from Kazakhstan, Turkmenistan, and Russia. These goods are set to travel via rail through Azerbaijan and Georgia.
Ilgar Alizade, the CEO of the Kulevi Terminal, highlights that the terminal boasts an impressive track record of maintaining both the quantity and quality of handled cargo without any losses. The current loss statistics, in terms of quantity, fall within the range of 0.05 percent to 0.1 percent, which is significantly below the industry average.
Kulevi Oil Terminal and port is one of the first and the most important investments of SOCAR in Georgia.
The company provides a high level of service, and operates in compliance with international market requirements by following all rules and regulations. The operations began on May 16, 2008. The transshipment of oil products was launched in June.
The primary products handled at the terminal encompass oil, petroleum derivatives, methanol, butane-butylene fraction (BBF), propylene, naphtha, isopropyl alcohol, among others.
The "Kulevi Terminal" facility consists of 27 tanks with a collective capacity of 402,000 cubic meters. The terminal boasts 6 berths that are capable of concurrently unloading 208 railroad wagons. Additionally, an unloading ramp was commissioned in 2012 to facilitate the handling of liquefied petroleum gas (LPG) and its loading onto gas carriers.
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