{"id":1219,"date":"2022-12-28T03:59:00","date_gmt":"2022-12-28T03:59:00","guid":{"rendered":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/?p=1219"},"modified":"2026-06-17T04:01:33","modified_gmt":"2026-06-17T04:01:33","slug":"ad-ports-group-signs-major-agreements-with-kazakh-national-oil-company-subsidiary","status":"publish","type":"post","link":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2022\/12\/28\/ad-ports-group-signs-major-agreements-with-kazakh-national-oil-company-subsidiary\/","title":{"rendered":"AD Ports Group Signs Major Agreements with Kazakh National Oil Company Subsidiary"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":56,"featured_media":1220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"editor_notices":[],"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Major Agreements with Kazakh National Oil Company Subsidiary | AD Ports Group - ADPortsGroup<\/title>\n<meta name=\"description\" content=\"AD Ports Group (ADX: ADPORTS) has signed a shareholder agreement with KMTF (Kazmortransflot) subsidiary of the Kazakh National Oil Company (KazMunayGas) to launch an exclusive joint venture. 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open in a new tab\" data-uw-rm-ext-link=\"\">AD Ports Group<\/a>\u00a0(ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, 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.<br \/>\nFurthermore, the two parties have signed an agreement to pool tanker resources.<\/p>\n<p>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, ro-ro and crude oil transportation in the Caspian Sea and the Black Sea. The enterprise will tender for a number of identified projects with estimated maritime contract values of more than USD780 million.<\/p>\n<p>By combining\u00a0<a href=\"https:\/\/www.adportsgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-uw-rm-brl=\"PR\" data-uw-original-href=\"https:\/\/www.adportsgroup.com\/\" aria-label=\"AD Ports Group - open in a new tab\" data-uw-rm-ext-link=\"\">AD Ports Group<\/a>\u2019s diverse portfolio of global maritime services and shallow water offshore expertise with the strong fleet, track record and local knowledge of KMTF, the joint venture will create an important new entrant in the highly valued Caspian Sea and the Black Sea region. The endeavour can expect to create opportunities around the region, particularly with the ongoing upgrades of fleets and facilities currently taking place, and some major offshore projects, such as the multi-billion-dollar expansion of the Kashagan field.<\/p>\n<p><a href=\"https:\/\/www.adportsgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-uw-rm-brl=\"PR\" data-uw-original-href=\"https:\/\/www.adportsgroup.com\/\" aria-label=\"AD Ports Group - open in a new tab\" data-uw-rm-ext-link=\"\">AD Ports Group<\/a>\u00a0and KMTF also signed a seven-year vessel pooling agreement, the joint venture includes the provision of several tankers for the transportation of crude oil internationally. Furthermore, the agreement will see KMTF\u2019s fleet working alongside SAFEEN Group\u2019s existing AFRAMAX tanker, with intent to acquire further vessels in the short-term. The objective is to jointly carry 8-10 million tonnes of crude annually in the medium-term.<\/p>\n<p>The Caspian Sea region is one of the oldest oil-producing areas in the world and is an increasingly important source of global energy production.<\/p>\n<p><strong>H.E. Falah Mohammed Al Ahbabi, Chairman of AD Ports Group<\/strong>, said: \u201cUnder the direction of our wise leadership,\u00a0<a href=\"https:\/\/www.adportsgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-uw-rm-brl=\"PR\" data-uw-original-href=\"https:\/\/www.adportsgroup.com\/\" aria-label=\"AD Ports Group - open in a new tab\" data-uw-rm-ext-link=\"\">AD Ports Group<\/a>\u00a0is looking to deploy our expertise in support of agreements that boost trade and economic relations with brotherly nations. This new joint venture with KMTF opens the door to enormous opportunities in the Caspian Sea, which plays a key role in global energy production, and is serviced by prominent players within the energy sector. By providing maritime services in this key market,\u00a0<a href=\"https:\/\/www.adportsgroup.com\/\" data-uw-rm-brl=\"PR\" data-uw-original-href=\"https:\/\/www.adportsgroup.com\/\">AD Ports Group\u00a0<\/a>has reached a new level of internationalisation and development.\u201d<\/p>\n<p><strong>Mirzagaliyev Magzum, Chairman, KazMunayGas<\/strong>, said: \u201cThis is an alliance of two world class companies who complement each other\u2019s strengths and understanding of the market. As the world looks for reliable energy sources in challenging conditions, we will be able to provide a full portfolio of services supported by a modern fleet and teams of experts combining local knowledge and global experience. Companies operating in the Caspian Sea oil fields are looking for reliable partners and a broad range of value-added services. Working together, KMTF and AD Ports Group will provide the ideal solution.\u201d<\/p>\n<p><strong>Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group<\/strong>, said: \u201cThroughout 2022,\u00a0<a href=\"https:\/\/www.adportsgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-uw-rm-brl=\"PR\" data-uw-original-href=\"https:\/\/www.adportsgroup.com\/\" aria-label=\"AD Ports Group - open in a new tab\" data-uw-rm-ext-link=\"\">AD Ports Group<\/a>\u00a0has looked to grow international business interests and expand the portfolio of maritime services we are able to offer customers around the world, in support of the vision of the leadership of the UAE. This\u00a0 joint venture \u2013 which is the first of its kind between a UAE company and the Kazakh National Oil Company \u2013 reflects how far and how fast we have grown, and how capable we now are of providing advanced offshore services in key global markets.\u201d<\/p>\n","show_read_more":"0","content_for_read_more":""},"_links":{"self":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/1219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/comments?post=1219"}],"version-history":[{"count":1,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/1219\/revisions"}],"predecessor-version":[{"id":1221,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/1219\/revisions\/1221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/media\/1220"}],"wp:attachment":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/media?parent=1219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/categories?post=1219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/tags?post=1219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}