S&P admitted the rating of KaztransOil on BB+ level.

/INTERFAX-KAZAKHSTAN, Almaty, April10.08/ - International rating agency Standard and Poor's admitted the credit rating of KazTransOil JSC (oil transporting "daughter" of National OilGas company KazMunayGas) in foreign currency on BB+ level. The forecast of rating is positive, which is pointed out in the companies report. The admitted credit rating of KazTransOil JSC is higher the ratings of other corporate issuers in Kazakhstan and shows the high level company solvency. The main factors, that influence on company's rating are the strong position on Kazakhstan market, growing diversification of export routs, good prospects of petroleum production growth in Kazakhstan, long term contracts with oil producing companies, suspended approach of company to risks distribution within the projects of building new oil pipe and high level of liquidity.- the press release says. The strategy of KazTransOil С activity is oriented on enlargement of capacity of National pipeline system for servicing of expected growth of oil production and diversification of export ways. Besides the main export rout Atyrau-samars, the company provides oil transportation on oil-processing plants, railway and sea port, and also to pipeline system of CPC. KazTransOil being the subject of natural monopoly on market of oil pipeline service explores the main oil pipe in republic, spread of which 5322 km, water pipe of 2175 km. The total volume of park reservoir of the company is 1306.4 th, cubic metre, from them on oil 1154 th.c/m. The company at the moment conducting the transporting of more than 60% of total oil extracted in Kazakhstan. [2008-04-11]