OREANDA-NEWS. “KazTransOil” JSC informs about the completion of the restructuring of "Batumi Industrial Holdings Limited" group of companies, carried out in accordance with the Plan of Restructuring of "Batumi Industrial Holdings Limited" group of companies (approved by the decision of the Management Board of “KazTransOil” JSC, Meeting protocol No.11, April 16, 2013) and the Action Plan for the restructuring of the core assets of “KazMunaiGas” NC JSC (approved by the Board of Directors of “KazMunaiGas” NC JSC, protocol of the meeting No. 2/2013, February 21, 2013) .

The actions undertaken resulted in the completion on December 11, 2013, of the reorganization procedures. "Batumi Industrial Holdings Limited", "Batumi Capital Partners Limited" and "Batumi Services Limited" merged with "Batumi Terminals Limited".

On December 25, 2013, the process of Batumi Oil Base LLC merging with Batumi Oil Terminal LLC was completed.

As a result of the reorganization of “KazTransOil” JSC owns 100% of shares of "Batumi Terminals Limited" (Cyprus), through which KazTransOil owns and controls the assets in Georgia - Batumi Oil terminal and Oil Base and Batumi Seaport.