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Rivalry Situation Deteriorates in Caspian Sea Oil Transportation Market – head of Kazmortransflot

Business Materials 21 January 2008 18:26 (UTC +04:00)
Rivalry Situation Deteriorates in Caspian Sea Oil Transportation Market – head of Kazmortransflot

Kazakhstan, Astana, 21 January / Trend corr. K. Konirova / The rivalry situation is deteriorating in the oil sea transportation market in the Caspian Sea, Marat Ormanov, the Director General of Kazmortransflot, said to Trend in Astana on 21 January.

"The dry freight transportation market is filled with foreign companies. Furthermore, foreign shipping companies extend their presence in the Caspian Sea's shelf operations," Ormanov said. "The shipping companies of Azerbaijan, Russia and Iran are actively increasing their fleet through systematic state support," he said. "Such support should be introduced in Kazakhstan which will enable an increase in competitiveness of the national trade fleet," he said.

According to Ormanov, the Agency for Natural Monopolies Management should take measures to offer suitable coefficients for port customs in the Aktau port for the ships of Kazmortransflot.

In 2007, Kazmortransflot transported 4.2mln tons of oil to Baku, Makhachkala and Neka (43% of the cargo was transported via the company's own vessels).

The income from the company's main activities totalled over 10bln tenges and 750mln tenges were paid to the budget.

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