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Market and Company News
25.04.2001 00:00

KazTransGas and KazTransOil propose joint oil and gas transport organization

/IRBIS, Apr 25, 01/ - GSRW informs that a spokesman for KazTransGas neither denied nor confirmed the information about an intention of KazTransOil and KazTransGas to merge. However, a source from the Prime Minister's office says the two companies do plan to create a joint vertically integrated organization in the oil and gas transport sector. This would lead to a more efficient use of Kazakhstan's oil and gas transport opportunities, material resources and funds of the companies when designing and constructing new pipes, and ensure transparency of financial flows.