Middle East Economic Survey

VOL. LI

No 7

18-February-2008

CASPIAN

KazMunaiGaz Buys Georgias Batumi Oil Terminal From Greenoak

Kazakhstans state energy company KazMunaiGaz has purchased Georgias Batumi Oil Terminal (BOT) from Greenoak Holdings and French bank BNP Paribas. The deal also includes Batumi Sea Port, which is under a long-term lease, and Greenoaks forwarding company Petrotrans. Greenoak said it would continue to manage all three companies under a management contract. The price of the deal...