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Kazakhstan boosts revenue from pipeline transport y-o-y

Oil&Gas Materials 14 June 2021 14:34 (UTC +04:00)

BAKU, Azerbaijan, June 14

By Nargiz Sadikhova - Trend:

Kazakhstan’s revenue from the product transportation via pipelines amounted to 604.1 billion tenge ($1.4 billion) over the period from January through May 2021, which is 12.3 percent less than during the same period of 2020, Trend reports with reference to Kazakhstan’s Statistics Committee.

The revenue for May 2021 amounted to 127.5 billion tenge ($298.5 million), which is 5.8 percent more compared to May 2020.

The volume transported during the reporting period amounted to 106.5 million tons, which is 5.6 percent less compared to the same period of last year (21.5 million in May 2021, 6.8 percent more compared to May 2020)

Cargo turnover amounted to 54.6 billion ton-kilometers which is 0.7 percent more than during the same period of last year. The cargo turnover for May 2021 stood at 11.2 billion t-km, which is 11.4 percent more 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. 34.4 million tons over five months of 2021, which is 9.4 percent less compared to the same period last year (12.02 million tons in May 2021, 11.6 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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