/KASE, February 28, 2020/ – KazTransOil (Nur-Sultan), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated February 28, 2020:
quote
"KazTransOil" JSC completed the implementation of the program for repair and
modernization of the pipeline system for 2015-2019. Over the past period, the
company has done a great job in ensuring the integrity and safe operation of oil
pipelines.
According to the information of the Deputy General Director of "KazTransOil"
JSC, Sabit Arynov, at present, the service life of 47% of the total length of
the main oil pipelines exceeds 30 years. To maintain accident-free oil
transportation, the company is implementing a set of measures. Thanks to
timely in-line inspection and ongoing repairs over the past 11 years, the
situation has significantly improved to ensure the uninterrupted operation of
the main oil pipelines of "KazTransOil" JSC and to reduce emergencies. Together
with an increase in reliability, from 2009 to 2019, the company reduced
electricity consumption by 35 million kW / h, or 11%, gas consumption decreased
by 63 million cubic meters or 40%. At the same time, the oil throughput of oil
pipelines for 11 years increased by 4 billion ton-kilometers or 12%.
Since 1997, sections of pipelines with a total length of more than 2100 km have
been replaced throughout the entire pipeline system. Over the past five years
alone, work has been done to replace sections with a length of 412 km. For the
years 2020-2024, it is planned to replace another 396 km of the route, which is
7% of the total length of the company's oil pipelines, said Sabit Arynov.
In the period from 2015 to 2019, 40 spent pumping units were replaced with
more modern analogs at the oil pumping stations named after N. Shmanov,
"Barsengir", "Karazhanbas" named after Dzhumagaliyev, "Atasu" and others.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/KZTO/kzto_reliz_280220_2_kz.pdf – in Kazakh;
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https://kase.kz/files/emitters/KZTO/kzto_reliz_280220_2.pdf – in Russian;
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https://kase.kz/files/emitters/KZTO/kzto_reliz_280220_eng_2.pdf – in English.
[2020-02-28]