REFERENCE: KazTransOil CJSC (Kazakhstan) - the dynamic of indicators

/IRBIS, information of the KASE Listing commission, Aug 27, 01/ - The following information is published due to the passing the listing procedure of the Kazakhstan Stock Exchange (KASE) under category "A" by first issue euronotes of KazTransOil CJSC. The oil transportation volume through the pipe lines of KazTransOil CJSC directly depends on the volume of oil extraction in Kazakhstan. If the volume of oil extraction in 1997 - 1999 increased by 8.2% (from 23.1 up to 25.0 mln tonnes), in 2000 oil extraction increased by 11.2% relative to 1999 (up to 35.1 mln tonnes). Meanwhile in 2000 according to the Statistic Agency oil extraction in Kazakhstan increased by 14.5% to 1999 and totaled 30.6 mln tonnes. Main indicator of KazTransOil CJSC activity is cargo turnover, because it serves as the company's basis for income calculation. In 1999 cargo turnover increased by 9.6% relative to 1998 (from 15,337 up to 16,811 t/km) in 2000 - by 13.6% to 1999 (up to 19,102 t/km). In 2000 the transportation revenue increase in two times was due to cargo turnover increase as well as oil transportation rates' increase for oil processing companies, rates are in US dollars since 1998 to minimize currency risks of KazTransOil CJSC. If in Oct of 1998 the rate over Aktubinsk subsidiary - $3.00 for the transportation of 1 tonne of oil per 1000 km, over Western - $7.13, over Eastern - $9.60, than since March 16, 2000 the united rate was established for all subsidiaries of the company - $15.00 per 1 tonne/1,000 km. According to data of KazTransOil CJSC by results of four months, incomes from transportation exceeded the indicator of the similar period of last year by 72% and totaled KZT13.9bn. Net income of KazTransOil CJSC in 1999 (KZT5.7bn) increased up to KZT4.7bn or in 6 times in 1998, in 2000 (KZT7.4bn) - to KZT1.8bn or to 31.8% in 1999. The significant increase of industrial expenses is the reason for lower level of net income increase in 2000 against 1999. After the reappraisal of main means of the company by the American company American Appraisal on March 10, 2001 in accordance with international standards, the cost of main means increased from $147.7m up to $768.1m. The increase of main means' cost resulted the significant increase of industrial expenses (from KZT1.3bn in 1999 up to 10.8 in 2000). Due to the future increase of oil extraction in Kazakhstan and realization of investment projects which will increase the efficiency of oil delivery system within the Country as well as abroad, KazTransOil CJSC forecasts the increase of oil transportation turnover up to 27,254 t/km.