Kazakhstan Sets Up Oil Export Venture In Georgia

(RFE/RL)

September 22, 2006 -- The Kazakh state-owned oil company KazMunaiGaz today announced that one of its subsidiaries, KazTransOil, will establish a joint venture in Georgia to ensure "steady exports" of Kazakh crude oil through the Black Sea.

Its Georgian partner will be Batumi Oil Terminal, a privately owned company.

Batumi is a traditional conduit for crude oil from Kazakhstan, Turkmenistan, and Azerbaijan.

(Kazakhstan Today, Interfax-Kazakhstan)