AD Ports Group, in collaboration with KazMorTransFlot (KMTF), the national shipping company of Kazakhstan, announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan’s oil across the Caspian Sea.
KMTF is fully owned by the national Kazakhstan oil company, KazMunayGas (KMG).
The two oil tankers, named Liwa and Taraz after ancient cities in the UAE and Kazakhstan, respectively, have been acquired under AD Ports Group’s joint venture with KazMorTransFlot (KMTF) – Caspian Integrated Maritime Solutions (CIMS).
The new vessels, acquired at a cost of $35 million, will provide offshore and shipping services for commodity exporters in the Caspian.
The vessels are specifically tailored to the Caspian’s shallow draft, with specifications to meet the stringent requirements of international oil companies.
The vessels are also equipped with inert gas systems, a crucial step in ensuring safety and compliance with modern standards.
Operating along the strategic route across the Caspian Sea, the vessels will serve as shuttle tankers, undertaking consecutive voyages to move Kazakhstan’s oil to Azerbaijan.
The latest acquisitions bring the total number of oil tankers operating under the KMTF agreement to five.
Capt. Ammar Mubarak Al Shaiba, CEO of Maritime & Shipping Cluster, AD Ports Group, said the investment in advanced vessels equipped with inert gas systems marks a strategic milestone for AD Ports Group.
“As we expand our footprint into shipping and global networks, we are not only ensuring the safe and efficient transportation of Kazakhstan’s oil but also setting a precedent to guide safety and security advances in the maritime industry,” he said.
Captain Ammar Mubarak Al Shaiba, CEO of our Maritime & Shipping Cluster, believes that our investment in advanced vessels in Kazakhstan marks a strategic milestone for AD Ports Group. pic.twitter.com/PAiAOddNhO
— AD Ports Group (@ADPortsGroup) November 27, 2023
Aidar Orzhanov, General Director, KMTF, said the joint project is aimed at creating alternative routes for transportation of Kazakhstan oil.
“This will allow us to efficiently and safely transport Kazakhstani oil in the Caspian Sea for further shipment to international markets. We believe that this is only the first step of our long-term cooperation with AD Ports Group,” Orzhanov said.
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