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)
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