“Abu Dhabi Ports” enhances shipping operations in Kazakhstan by launching two new oil tankers.

Abu Dhabi Ports Group (listed on the Abu Dhabi Securities Market under the symbol: ADPORTS), the leading global engine for trade, industry and logistics services, in cooperation with (“Kazmortransflot”), the maritime and logistics services company affiliated with the Kazakh National Oil Company “KazMunaygaz”, announced its acquisition On two modern ships designed to transport Kazakh oil and starting their operation in the Caspian Sea.

This came during the inauguration ceremony in the city of Aktau, Kazakhstan, and included the announcement of the acquisition of the two tankers and the start of operations, in the presence of Mr. Nurlan Nogayev, head of the Mangystau region; His Excellency Dr. Mohammed Saeed Al-Araiqi, UAE Ambassador to the Republic of Kazakhstan; Captain Mohammed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group; and Mr. Mirzagaliyev Magzum, Chairman of the Board of Directors of Kaz Moneygaz.

The two oil tankers were named after two ancient cities in both the United Arab Emirates and the Republic of Kazakhstan, “Liwa” and “Taras”, and they were acquired under a joint venture between Abu Dhabi Ports Group and “Kazmortransflot”, the maritime and logistics company in Kazakhstan, which It was announced in December last year.

The two tankers constitute a joint investment worth US$35 million. They are specially designed to operate in the shallow waters of the Caspian Sea, and are equipped with specifications that meet the demanding requirements of international oil companies, in addition to being equipped with inert gas systems to achieve public safety and comply with the latest international standards.

The two carriers’ use of inert gas reflects technological and technological development. It represents a proactive step that reflects the strong commitment to operational safety standards in this type of vessel, in line with international regulations regarding safety and security during oil transport operations.

The two tankers will operate along the strategic maritime route across the Caspian Sea, performing their role as shuttle tankers, completing successive trips to transport Kazakh oil to Azerbaijan. This service will contribute to diversifying the routes of transporting oil to all parts of the world via the Mediterranean or the Black Sea, which will consolidate the presence of the Republic of Kazakhstan on the global trade map.

This investment brings the total number of oil tankers operating under the agreement with “CasmorTransflot” to five tankers, after the acquisition of three “Aframax” tankers earlier this year.

Captain Ammar Mubarak Al Shaiba, CEO of the Maritime and Shipping Sector, Abu Dhabi Ports Group, said: “I am pleased to attend this important occasion with our partners from the Republic of Kazakhstan. There is no doubt that investing in these modern, advanced ships equipped with inert gas systems represents a milestone and a strategic achievement for the Abu Dhabi Ports Group. We are continuing our tireless efforts to enhance transportation and shipping operations and expand our global network, ensuring safe and efficient transportation of Kazakh oil on the one hand, and we are also providing a proactive step to achieve progress and leave a greater imprint in the field of safety and security in the maritime industry on the other hand. This acquisition reflects our established approach to achieving excellence, enhancing safety and sustainable practices, and steadily following the path towards a brighter future for global shipping and trade, in compliance with the directives of the wise leadership.”

For his part, Heydar Urzanov, General Manager of KazmorTransflot, the maritime and logistics company in Kazakhstan, said: “We are working on implementing this project with our strategic partner, Abu Dhabi Ports Group, in accordance with the directives of His Excellency Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, to create alternative methods for transporting Kazakh oil.” , allowing us to efficiently and safely ship Kazakh oil in the Caspian Sea towards more international markets. We believe that this is only the first step in our long-term cooperation with Abu Dhabi Ports Group.”

It is worth noting that these ships play a pivotal role in enhancing the strategic expansion of Abu Dhabi Ports Group within this vital sea corridor, in addition to developing shipping operations and committing to facilitating the transfer of goods and resources through a more extensive and advanced global network. WAM