AD Ports Group has signed and exchanged several diverse agreements to broaden its operations in Kazakhstan, including the commissioning of up to four 780 teu shallow-draft container ships designed for use in the Caspian Sea with KazMunayGas (KMG).
Preliminary heads of terms were also exchanged to establish a joint venture to design, develop, finance and operate the Sarzha Multipurpose Terminal (SMT) at Kuryk Seaport on the Caspian Sea, which will be designed to handle general cargo, containers and dry bulk cargoes.
Under the terms of the partnership, both parties are contemplating investing in up to four Aframax crude oil tankers to increase support to Kazakhstan’s energy sector.
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