14/02/2020
New tariffs have been approved for the transit of oil products from Turkmenistan through Azerbaijan and Georgia. Agreements were made on seasonal transit transportation of petroleum products from Turkmenistan at reduced rates. This was reported by TSS with reference to the press service of JSC "Georgian Railway".
Seasonal transportation of petroleum products includes a period from 1 April to 1 November . All negotiators unanimously resolved the issue of one common tariff for the transportation of Turkmen oil and oil products.
Georgian Railway JSC ensures that lowering tariffs will help to make the Azerbaijani-Georgian transport corridor for Turkmen oil competitive with the Volga-Don Canal of Russia.
In the period from 2007 to 2008, Turkmenistan transported about 200 thousand tons of oil and oil products through Georgia. However, due to the unstable situation in Georgia, the route changed to Makhachkala - Novorossiysk, according to the source. In 2015, Turkmen oil products were again exported to Europe through Georgia after successful negotiations.
A total of 1.3 thousand tons of Turkmen oil products passed through Georgia in 2016. At this stage, there are agreements to transport one and a half million tons of oil annually from Turkmenistan to Georgia
