Pumps producer terminates memorandum with Kazakhstan's largest oil pipeline company

Pumps producer terminates memorandum with Kazakhstan's largest oil pipeline company

BAKU, Azerbaijan, Aug. 18

By Nargiz Sadikhova – Trend:

Kazakh KARLSKRONA LC AB company decided against supplying pumps of its manufacturing to Kazakhstan’s largest oil pipeline company - KazTransOil (KTO), KTO official told Trend.

On Feb. 28, 2020, KazTransOil signed a memorandum on cooperation with Kazakh KARLSKRONA LC AB company on a possible supply of pumps for main pipelines.

The representatives of KARLSKRONA LC AB were to visit operational sites of the KTO in 2Q2020 and inspect the existing main pumping units of the company.

In the case that the tests’ results were positive, KTO was to sign an off-take agreement with KARLSKRONA LC AB company. Following the agreement signing company’s pumps were to be used when transporting oil.

However, the KTO official said that in Aug. 2020 the KARLSKRONA LC AB company initiated to suspend operations within the memorandum.

“The company’s decision to suspend cooperation within memorandum was due to the changes in the company’s development plant,” the official said.

The official added that despite the global COVID-19 pandemic, KTO operations continue as usual, without interruptions. The oil transportation continues in accordance with the plant approved by the country’s Ministry of Energy, and in accordance with bilateral agreements signed with consumers.

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 water lines in the country, the 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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