Forecast: KazTransOil revenues at KZT38 bln in 2001

/IRBIS, May 23, 01/ - REUTERS informs, with the reference to financial director of KazTransOil, Janetta Bekejanova, that the revenues of the company may reach KZT38 bln in 2001, up from 35 bln in 2000. The increase is expected from oil transportation tariff increase in Kazakhstan from July 1, 2000 and turnover increase, is added. It is expected that budgetary payments will remain at last year's level of KZT8 bln, up from KZT4.5 bln in 1999. KazTransOil assets are at KZT105 bln, was said. The company's net income last year was about KZT2.5 bln, whereas dividends are planned at KZT634 mln after the approval at the shareholders general meeting, she added. The company's sole shareholder, who controls 6.4 th km of oil pipelines is the state. Financial director of the company informed that beginning from 1998 income of KazTransOil was increasing at KZT200 mln a year. Growth in financial indicators is attributable to an increase in oil transportation through the company's oil pipelines in 2000. In 1999 the company transported 25.0 mln tons of oil, in 2000 - 27.7 mln and this year it is going to be 26.7 mln due to the CPC pipeline to be put into operation. Oil and gas condensate production of Kazakhstan exceeded 35 mln tons last year and this year it is to reach 47-49 mln tons.