KazTransOil of Kazakhstan sees 2 times increase in profits
Baku, Azerbaijan, Aug.8
By Elena Kosolapova - Trend:
The net consolidated profit of KazTransOil group of companies of Kazakhstan for the first half of 2015 totaled 39.428 billion Kazakh tenge (187.65 tenge = $1), or 49.2 percent higher than in the same period of 2014, the company's message said Aug.7.
The consolidated revenue of KazTransOil for the first half of 2015 amounted to 106.646 billion tenge, or 6.2 percent higher than in the first half of 2014, according to the message.
KazTransOil JSC is the subsidiary of KazMunaiGas JSC national company and the national operator of the Republic of Kazakhstan on the main oil pipeline. The company manages a network of main oil pipelines stretching over 5,700 kilometers and water pipelines over 1,900 kilometers long.
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