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On November 25, Georgia, Azerbaijan, Kazakhstan and Turkey signed a roadmap for the export of oil through the Trans-Caspian International Transport Route, outlining plans for the route for the coming period
.
The implementation of these plans will increase the corridor's oil throughput capacity to 10 million tons
per year by 2025.
According to the press service of the Ministry of Industry and Infrastructure Development of Kazakhstan, the head of the ministry, Kelbek Uskenbayev, called on the parties concerned to start work on the creation of
joint ventures within the framework of the Trans-Caspian International Transport Line.
The joint venture will work with shippers and consignees to provide a single tariff and a single standard of service along the entire route
.
The Ministry of Foreign Affairs of Kazakhstan said that since the Russian-Ukrainian conflict, the volume of freight in the cross-Caspian channel has increased
.
In the first 10 months of this year, about 1.
5 million tons of cargo were transported
through the seaports of Aktau and Kurek.
In addition, the four countries indicated that the EU intends to provide financial support
for the development of the route.
