Volume of eurobonds planned for 2007 of KaztransOil JSC (Kazakhstan) - up to $1 bn.

/REUTERS, Almaty, Olzhas Auezov, February 27, 07, title of IRBIS/ - Issue volume of eurobonds planned for 2007 of the oil-transporting state company Kaztransoil will total "at least" up to $1 bn., said Zhannat Satubaldina, the company's financial director, to journalists. "I think, the volume will total up to $1 bn. at least," she said in lobbies of the investment conference. About the company's intention to resort to large-scale borrowings in international markets to finance the construction of new oil pipelines Satubaldina said earlier in the course of the conference on Tuesday. "Until the end of the year it is possible that we will enter international markets with eurobonds... We need very big borrowings," she said. According to her, the money is necessary for two projects - construction of the oil pipeline Kenkiyak-Kumkol, which will join the west of Kazakhstan with the oil pipeline going to China. The second project is the construction of an oil pipeline, which will join the field Kashagan with export terminals on Caspian sea. Satubaldina did not call the cost of projects, but explained that the extension of the oil pipeline Kenkiyak-Kumkol totals 700 kilometers and the cost of one kilometer exceeds $1 m. [2007-02-27]