/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]