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Friday, February 15, 2019

Caucasus News

During the ribbon cutting ceremony marking the formal inauguration of BICT’s multifaceted expansion program. Photo: ICTSI

ICTSI Expands Batumi Container Terminal

Philippines-based port operator International Container Terminal Services, Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal (BICT) in Georgia.The expansion encompasses both the waterside and landside areas of the multipurpose terminal, intended to optimize the processing of existing cargo flows and install additional capacity to accommodate new business.Marking the importance of the occasion, the inauguration was attended by Giorgi Kobulia…

Image: APM Terminals

APM Terminals Makes Progess in Poti Sea Port Expansion

In Georgia, APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for a first stage construction permit for the expansion of the Poti Sea Port.The plans were received by the Ministry of Economy and Sustainable Development of Georgia., said a release from international container terminal operating company headquartered in The Hague, Netherlands.“After high-level and in-depth negotiations with authorities, cargo owners, equity partners and financial…

Photo: APM Terminals

APM Terminals Poti to Build Cargo Terminal

APM Terminals Poti and Poti New Terminals Consortium signed a Memorandum of Understanding (MOU) for a USD 100 million dollar investment in a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually and generate new trade opportunities for customers in the Georgian transit corridor. The new terminal is expected to be built on APM Terminals Poti land and infrastructure and will entail the construction, development and operation of a new breakwater, dry bulk cargo terminal and related infrastructure to serve bulk cargo customers.

Shah Deniz Stage 2, or Full Field Development (FFD) is a giant project that will add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcma produced by Shah Deniz courtesy Saipem Contracting Netherlands

Shah Deniz Partners Award Subsea Installation Deal

The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The scope of work of the contract is for the management and operation of the new-build Subsea Construction Vessel (SCV) Khankendi for the transport and installation of the deeper water subsea production systems and subsea structures at all five flanks of the project.

Poti Sea Port

APM Terminals Reaffirms Poti Mega-Port Plans

Speaking at the 4th Annual Black Sea Ports and Shipping Conference 2015 on May 29th on the subject of Black Sea Ports as agents of economic growth for the region, APM Terminals Poti Deputy Managing Director Joseph Crowley discussed the advantages of Poti Seaport as the prominent gateway for Black Sea, Mediterranean and Central Asian trade. “While recent World Bank economic growth forecasts for the broader Caucasus region have been reduced, APM Terminals is committed to our ongoing investment in Poti Seaport to anticipate and satisfy the future demand potential” said Mr.

Rosneft, Petrocas in Logistics & Retail JV

Rosneft has entered into definitive documentation to acquire 49% stake in Petrocas Energy International Limited (“Petrocas”), creating the joint venture (“JV”) for its activities in the South Caucasus region. The deal represents an important growth opportunity for Rosneft – Petrocas owns and operates high-quality storage assets in one of the main oil and oil products logistics hub in the region. Through the JV Rosneft will considerably expand its presence in the region, amplify its geographic reach, and further diversify its supply routes options.