Authorized capital stock of oil and gas transport stands at KZT33 bln

/IRBIS, May 24, 01/ - GSRW informs, with a reference to Kaztransgas First Vice President Daniyar Berlibayev, the authorized capital of the newly created Oil and Gas Transport company stands at 33bn tenge. As a result of the merger of two hydrocarbons transporting companies (KazTransGas and KazTransOil), the cost of services will be cut in the near future due to optimization of expenditures. In addition to the above, the new company comprises the Atyrau international airport, Euro-Asia Air helicopter company, Munai Impex, KazTranSviaz, Aktyubeneftesviaz and 50% of shares in the Kazmortransflot navigation company. KTO Vice President confirmed that the merger was necessary to increase the efficiency of managing the system of main pipelines. The company's basic activities will be energy transportation projects, feasibility studies, and projects for oil and gas supplies to foreign and local markets.