KazTransOil announces commissioning of crude oil quantity and quality measuring system at acceptance point on 1235 km of Uzen-Atyrau-Samara trunk oil pipeline

03.12.19, 14:24
/KASE, December 3, 2019/ – KazTransOil (Nur-Sultan), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of December 3, 2019: quote On December 1, 2019, the commercial metering of Kazakhstani oil transported for export by Uzen-Atyrau-Samara trunk oil pipeline of "KazTransOil" JSC began in accordance with the crude quality control system (SQCS) at the transfer-acceptance point at the 1235 km of Uzen - Atyrau - Samara oil pipeline, located on the territory of Kazakhstan. Until that time, metering operations were carried out on SQCS, located on TAP "Samara" (Russia), owned by "Transneft" JSC. Thus, the complex issue inherited by the two oil transportation companies from the Unified Soviet System of main oil pipelines was solved. The location of the means of commercial metering of Kazakh oil transported for export outside the territory of Kazakhstan greatly hampered the work of the Kazakhstani customs authorities. In accordance with the Code of Customs Regulation in the Republic of Kazakhstan, during the customs declaration of goods transported by pipelines and exported from the customs territory of the Eurasian Economic Union, meter readings located in the territory of the sending country should be used. Due to the construction and commissioning of SQCS on the territory of Kazakhstan, proper customs control of the transported Kazakh oil is ensured, as well as the possibility of oil loss in the system of trunk oil pipelines of "Transneft" JSC on the section from the border of Kazakhstan/Russia to TAP "Samara" is excluded. unquote The full press-release is available on KASE website: - http://kase.kz/files/emitters/KZTO/kzto_reliz_031219_kz.pdf – in Kazakh; - http://kase.kz/files/emitters/KZTO/kzto_reliz_031219_1.pdf – in Russian; - http://kase.kz/files/emitters/KZTO/kzto_reliz_031219_en.pdf – in English. [2019-12-03]