ASTANA, Kazakhstan, April 14. KazTransOil JSC
(KTO - a subsidiary of KazMunayGas) signed five off-take contracts
in Q12025, Trend
reports.
“The off-take contracts relate to the purchase of various types of
necessary equipment. These goods are used to maintain the operation
of the company's production infrastructure, which, as part of a set
of activities, helps ensure the reliable and safe transportation of
oil, as well as the stable operation of facilities,” said the
statement from KazMunayGas.
The share of domestic value in KazTransOil's purchases was 72
percent by the end of 2024, including 56 percent for goods.
“Thus, the company continues to support domestic manufacturers and
steadily increases the share of off-take contracts in its
procurement. In particular, this will lead to the establishment of
new production lines for import-substituting goods and an increase
in the share of Kazakhstani content in purchased goods, which, in
turn, reduces dependence on imports and positively impacts the
development of the economy,” the information notes.
Overall, the development of new enterprises will create jobs in the
regions, which will contribute to the professional development of
local personnel and the introduction of modern standards in
production processes.
In 2024, the total amount of contracts signed by KTO with domestic suppliers amounted to 8.4 billion tenge, including 4 off-take contracts.