Home / Economy / Transportation of Oil and Oil Products Declines in Georgian Corridor

Transportation of Oil and Oil Products Declines in Georgian Corridor

Transportation of oil and oil products through Georgian corridor has fallen to minimum. Paata Tsagareishvili, founder of Transport Corridor Research Centre and the HUB Georgia expert told BM.GE that all three seaports of Georgia (Batumi, Poti, Kulevi) handled 31% less oil and oil products in January-October, as compared to the same period of 2017.

“In the mentioned period Batumi handled 45% less oil products. This fact makes us conclude that Batumi, in practice, has lost the function of oil-oriented seaport that it had from its foundation.

It is noteworthy that in 2012 Georgia’s transport corridor handled 9.5 million tons of liquid cargoes (crude oil and oil products), of which 4.7 million tons of crude oil was transported through Baku-Tbilisi-Ceyhan pipeline and the country failed to maintain the remaining 4.8 million tons of oil products because of low competitive capacity of its transport corridor.

In January-October 2010, the transportation volume declined to 2.39 million tons. The lost volumes were mainly redirected to Russia’s’ alternative corridor – Volga-Don channel”, Paata Tsagareishvili said.

The Transport Corridor Research Centre says that amid the sharp competition in the Region, Government should make focus on rational diversification of oil products transportation through pipelines and land routes.