Oil export tariffs to be increased in Kazakhstan

Oil export tariffs to be increased in Kazakhstan

BAKU, Azerbaijan, Jan. 30

By Nargiz Sadikhova - Trend:

KazTransOil, which is Kazakhstan’s largest oil pipeline company, has announced the change of cost of services for transportation of crude oil and oil products for export from Kazakhstan, Trend reports with reference to the company.

Thus, starting from March 1, 2020, the company will introduce the tariff of 7,358 tenge ($19.4) for the transfer of a ton of oil per 1,000 km (without VAT).

Currently, the tariff is 6,398 tenge ($16.9) for the transfer of a ton of oil per 1,000 km (without VAT). Thus, the tariff will be increased by 15 percent.

In Nov. 2020, the company has announced the decrease of price of services for transportation of crude oil and oil products through Kazakhstan. 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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Follow the author on twitter: @nargiz_sadikh

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