Kazakh KazTransOil announces preliminary operation and financial results for first half of 2013
Azerbaijan, Baku, July 15 / Trend E. Kosolapova/
Kazakh national oil transporting company KazTransOil announced on Monday the preliminary operation and financial-economic results for the first half of 2013.
According to the company's report, KazTransOil decreased non-consolidated oil transportation by one percent to 26.198 million tons in January-June 2013 compared to the same period of 2012.
Meanwhile, oil transportation target was exceeded by two percent in the reporting period.
Consolidated volume of oil and petroleum products transportation and transshipment hit 32.681 million tons (3 percent over the target and 2 percent over the results of the first half of 2012).
KazTransOil's non-consolidated oil turnover increased by 10 percent to 18.334 billion tons per kilometer and exceeded the target for this period by 12 percent.
Consolidated oil turnover increased by 11 percent to 22.510 billion tons per kilometer (10 percent over the target) compared to the first half of 2012.
KazTransOil's non-consolidated income for the first half of 2013 amounted to 82.375 billion tenge (152.44 tenge = $1), which is 44 percent more than in the first half of 2012 and exceeds the target by 10 percent.
The company's non-consolidated net income exceeded the target for this period by 62 percent and the results of the same period of 2012 by 155 percent and hit 33.757 billion tenge.
KazTransOil is the largest Kazakh oil transporting company owning the largest network of main oil pipelines and waterlines in Kazakhstan, total length of which amounts to 5,495 km of oil pipelines and 2,148 km of water pipelines.
The company holds shares and participates in "Kazakhstan-China Pipeline" and "MunaiTas" companies. Moreover it holds "Batumi Oil Terminal" (Georgia) through "Batumi Industrial Holdings Limited" and "Batumi Capital Partners Limited", which operates oil terminal in Batumi Sea port in Georgia.