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Petrocas Plans to Start Supplying fuel Through Georgian Corridor

Petrocas Plans to Start Supplying fuel Through Georgian Corridor

“Rosneft” plans to start supplying fuel through Georgia and Azerbaijan in 2017.

According to Vano Nakaidze, general director of Petrocas Energy Group (holds 49% of Rosneft),  Petrocas is planning to build a logistics terminal via the South Caucasian corridor.

“Rosneft oil products should be brought in Petrocas own oil terminal in Poti. Fuel will be transported by rail to the ports of Azerbaijan, including Baku, and from there by tanker across the Caspian Sea to the ports of Iran”, – Nakaidze explained to Azerbaijan media.

According to RBC’s co-owner David Yakobashvili, in order to enter the Iranian market and supply at least 1 million tons of gasoline per year, Petrocas plans to expand the terminal: to purchase tanks and special railway cars for oil transportation, build railways and infrastructure for mooring supersize tankers.

He estimates the investment in such upgrades in $ 100-200 million and claims that the company has its own means.

Nakaidze argues that the logistics supply of light petroleum products, using ports and railway is profitable to Petrocas and for several years it was tested in the supply of oil products from Europe to Armenia and Afghanistan