KazTransOil reports adjustment of the schedule of oil transportation for January of 2020 by the Ministry of Energy of the Republic of Kazakhstan

22.01.20 15:27
/KASE, January 22, 2020/ – KazTransOil (Nur-Sultan), whose shares are officially listed on the Kazakhstan Stock Exchange (KASE), has provided KASE with the press release dated January 22, 2020, which states as follows: quote On January 16, 2020, "KazTransOil" JSC in the process of crude oil acceptance into the trunk pipeline system from "CNPC-Aktobemunauygas" JSC at the result of crude oil quality tests detected an excess of organochlorine compounds in the fractions boiling up below 204°С. "KazTransOil" JSC stopped the acceptance of crude oil from "CNPC-Aktobemunaygas" JSC on the same day until the issue of delivered crude oil quality is resolved. As of January 22, 2020, the acceptance of crude oil from "CNPC-Aktobemunaygas" JSC was not restarted. "CNPC-Aktobemunaigas" JSC is preparing a storage tank for loading clean crude oil for delivery to the trunk oil pipelines' system of "KazTransOil" JSC The Ministry of Energy of the Republic of Kazakhstan, given the decline in volume of oil delivery for transportation through trunk oil pipeline’s system, adjusted the schedule for oil transportation to the refineries of the Republic of Kazakhstan and for export for January of 2020. In particular, the scheduled volume of export for Kazakhstani producers in the direction of China was reduced. Exempt volume of crude oil is redirected to supply PKOP (Shymkent Refinery). The schedule of crude oil supply to Pavlodar Petrochemical Plant has also been changed. Currently, the transportation of crude oil by trunk oil pipelines' system is carried out in accordance with the adjusted schedule. unquote [2020-01-22]