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Kazakhstan's revenue from transport via pipelines down amid COVID-19

Oil&Gas Materials 24 November 2020 10:50 (UTC +04:00)
Kazakhstan's revenue from transport via pipelines down amid COVID-19

BAKU, Azerbaijan, Oct.21

By Nargiz Sadikhova - Trend:

Kazakhstan’s revenue from the product transportation via pipelines amounted to 1.1 trillion tenge ($2.6 billion) over ten months of 2020, which is 9 percent less than during the same period of 2019, Trend reports with reference to Kazakhstan’s Statistics Committee.

The revenue for Oct. 2020 amounted to 111.02 billion tenge ($259.3 million), which is 14.7 percent less compared to Oct. 2019.

The volume of transported during the reporting period amounted to 210.6 million tons, which is 8.4 percent less compared to the same period of last year (19.9 million in Oct. 2020, 10.2 percent less compared to Oct. 2019)

Cargo turnover amounted to 102.4 billion ton-kilometers which is 9.5 percent less than during the same period of last year. The cargo turnover for Oct. 2020 stood at 9.9 billion t-km, which is 14.4 percent less compared to the same month of 2020.

The majority of the products transported via pipelines accounted for the Atyrau region of the country, i.e. 86.5 million tons over ten months of 2020, which is 8.2 percent less compared to the same period last year (31.4 million tons in Oct. 2020, 9.8 percent less year-on-year).

Kazakhstan’s largest oil pipeline company is KazTransOil, 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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