BAKU, Azerbaijan, Mar. 9
By Nargiz Sadikhova - Trend:
Consolidated revenue of Kazakhstan’s KazTransOil company have amounted to 235.2 billion tenge ($564.05 million) in 2020, which is 1.8 percent lower than in 2019, Trend reports citing the company.
The company’s consolidated net profit for 2020 equaled 55.9 billion tenge ($134.1 million), which is 24 percent more than in 2019.
At the same time, KazTransOil’s non-consolidated revenue for 2020 amounted 215.4 billion ($516.7 million) in 2020, which is 3.3 percent lower than in 2019.
Furthermore, non-consolidated net profit of the company for 2020 amounted to 45.6 billion ($109.3 million), which is 36.8 percent more than in 2019.
KazTransOil JSC is the national operator of the Republic of Kazakhstan for the main oil pipeline. It is included in the group of NC KazMunayGas JSC. It owns a diversified network of main oil pipelines with a length of 5,400 km.
It transports oil to Kazakhstani oil refineries and for export in the following directions: the Atyrau-Samara section of Uzen-Atyrau-Samara trunk pipeline, transshipment to Kazakhstan-China Pipeline LLP system (Atasu-Alashankou oil pipeline), Aktau port (loading oil into tankers), transshipment into CPC system, loading oil into tank wagons from the railway overpasses of Shagyr OPS, and the oil pump station named after T. Kasymov.
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