Georgia, Azerbaijan sign transit corridor pact to boost trade
29.07.2010
Georgia and Azerbaijan signed an agreement on creating a transit corridor linking the Caspian and Black seas to increase flows of oil and natural gas to European customers.
The two former Soviet republics will create a commission to form policy on ports, transit and railway companies, Georgian Prime Minister Nika Gilauri said during a
government meeting in the capital Tbilisi on Tuesday. The agreement will lead to increased transit volumes of energy and other cargoes, as well as jobs for Georgians, he said.
Georgia (2) -- Analyses -- 2010
More about the agreement
29.07.2010
Georgian President Mikhail Saakashvili held talks on transit cooperation earlier this month with his Azerbaijani counterpart, Ilham Aliyev, Gilauri said.
Georgia’s Black Sea ports will be the focus of increased transit, Gilauri said. Georgia and Azerbaijan, together with Romania, have agreed to build a liquefied
natural-gas terminal for exports of the fuel to Europe.
Bulgarian