AD Ports Group signs offshore logistics deal with Kazakh National Oil Company subsidiary ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
AD Ports Group signs offshore logistics deal with Kazakh National Oil Company subsidiary
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 13
AD Ports Group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to launch an exclusive joint venture, 51 percent owned by AD Ports Group and 49 percent owned by KMTF, to provide offshore and shipping services for energy companies in the Caspian Sea. Furthermore, the two parties have signed an agreement to pool tanker resources. The joint venture, which will look at investments opportunistically will offer a broad range of services, including offshore support vessels, integrated offshore logistics and subsea solutions and, at a later stage, will offer container feedering,

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