KazTransOil, Kazakhstan's national oil transporter, recently announced the imposition of a new $9 tariff on the substitution of oil in the pipelines at the Pavlodar Petrochemical Plant.
"KazTransOil JSC adopted the mentioned order in accordance with the Law of the Republic of Kazakhstan 'On Natural Monopolies and Regulated Markets' and subject to the joint order of the Republic of Kazakhstan Agency on Regulation of Natural Monopolies (Agency order #404-OD dated December 30, 2013) and the Ministry of Oil and Gas of the Republic of Kazakhstan (Ministry order #224 dated December 30, 2013) 'On the approval of the List of services technologically associated with regulated services (goods, works) of transportation of oil and (or) petroleum products by pipelines,'" the company said.
KazTransOil accounts for 80 percent of all oil transported in the country. It is a subsidiary of KazMunayGas, the national oil and gas company.
In July 2012, Standard & Poor's assessed KazTransOil's SACP at "bb+" on the basis of the ratings agency's opinion of its "satisfactory" business risk profile and "significant" financial risk profile.
KazTransOil's stand-alone credit quality is supported by long-term ship-or-pay contracts with oil producers, the company's favorable debt structure and maturity profile, limited competition from alternative oil export pipelines, and good prospects for oil production and export in Kazakhstan.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme