SHANGHAI ACE INVESTMENT & DEVELOPMENT CO LTD AND BATUMI SEAPORT LLC discussed the development of the trans-Caspian route

As part of the implementation of the “One Belt, One Road” program, the General Director of Batumi Sea Port LLC (exclusive rights to manage a 100% share belong to the subsidiary of KazTransOil JSC - Batumi Oil Terminal LLC) Ulan Tleugali and the Chairman of the Board of Shanghai ACE Investment & Development Co ltd Sun Wanping discussed the possibilities of transshipment and development of supply routes. In particular, the issue of investing in transport infrastructure, including the Trans-Caspian International Transport Route (TITR), was considered.

During the meeting, Ulan Tleugali and Sun Wanping visited the territory of the Batumi seaport and got acquainted with the infrastructure and technical capabilities of the port.

Batumi Oil Terminal LLC (BNT) is a subsidiary of KazTransOil JSC (100%). BNT directly owns and manages production assets in Georgia. BNT has exclusive rights to manage a 100% stake in Batumi Sea Port LLC.