KazTransOil reports payment of compensation for substandard oil by Transneft to 18 Kazakhstani oil

/KASE, December 30, 2019/ – KazTransOil (Nur-Sultan), whose shares are officially listed on the Kazakhstan Stock Exchange (KASE), has provided KASE with the press release dated December 30, 2019, which states as follows: quote Transneft has paid compensation for the shipment of substandard oil in Ust-Luga port to remaining 18 Kazakhstani oil companies as a part of the agreements signed between Transneft and KazTransOil, acting on behalf of 38 Kazakhstani oil companies. To recap, an emergency in the system of Transneft trunk oil pipelines caused by the presence of high concentrations of organochlorine compounds in the transported oil occurred in April-May 2019, which led to the shipment of substandard oil for Kazakh shippers to tankers in the port of Ust-Luga. unquote [2019-12-30]