BAKU, Azerbaijan, Dec.3
By Nargiz Sadikhova - Trend:
Value of consolidated revenue of Kazakhstan’s largest oil pipeline company, KazTransOil, amounted to 179.7 billion tenge (approximately $467.7 million) for nine months of 2019, which is 7.6 percent more compared to the same period of last year, Trend reports with reference to the company's statement, published by Kazakhstan Stock Exchange (KASE).
In turn, according to KASE, value of consolidated net income of the company amounted to 37.6 billion tenge (approximately $97.9 million) during the reporting period, which also is 6.7 percent more than during the same period of last year.
Earlier this year, the company announced the decrease of cost of services for transportation of crude oil and oil products through Kazakhstan. Thus, due to the expiration of tariff limit levels for the transportation service, starting from January 1, 2020 the tariff for crude oil and oil products transportation will be approximately 4,110 tenge ($10) compared to current 4,722 tenge ($12) for the transfer of a ton of oil per 1,000 km (without VAT).
KazTransOil is Kazakhstan’s largest oil pipeline company, which provides services on oil transportation on the domestic market and for export.
The company is an owner of the largest network of main oil pipelines and waterlines in the country, total length of which amounts to 5,376 km of oil pipelines and 1,975 km of water pipeline.
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