Kazakh KazTransOil ups income in 2013
Baku, Azerbaijan, March 19
By Elena Kosolapova - Trend:
Kazakh group of companies KazTransOil increased consolidated income by 33 percent to 190.21 billion tenge (182.06 tenge = $1) in 2013 compared to 2012, the company reported on March 19.
This income exceeded the target by eight percent.
The consolidated net profit increased by 90 percent to 63.543 billion tenge in 2013 (23 percent over the target).
The operating income separately for KazTransOil increased by 36 percent to 168.214 billion tenge (8 percent over the target) in 2013, while the net profit separately for KazTransOil increased by 105 percent to 52.16 billion tenge (27 percent over the target).
The consolidated volume of oil and oil products transported through the main pipelines of KazTransOil increased by two percent to 67.22 million tons (6 percent over the target) in 2013.
The consolidated cargo turnover increased by 8 percent to 45.493 billion ton - kilometers in 2013 compared to 2012 (4 percent over the target).
"KazTransOil" is the Kazakh national operator of the main oil pipeline. It is the largest oil transportation company of the Republic of Kazakhstan, which owns a diversified network of main oil and water pipelines with total length of 7,600 kilometers.
Edited by CN