KazTransOil announces 150 % increase in exports of Kazakh oil to Germany in April

16.05.23 14:40
/KASE, May 16, 2023/ – KazTransOil JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated May 16, 2023: quote The volume of transportation of Kazakh oil through the system of main oil pipelines of Transneft PJSC in the direction of the Adamova Zastava oil delivery point for further delivery to Germany in April increased by 30 thousand tons or 150%, compared to March, and amounted to 50 thousand tons. In February-April 2023, KazTransOil JSC delivered 90 thousand tons of Kazakh oil to Germany. In December 2022, KazTransOil JSC sent an annual application for the transportation in 2023 of 1.2 million tons of kazakh oil through the system of main oil pipelines of Transneft PJSC in the direction of the Adamova Zastava oil delivery point for further delivery to Germany. This transit of oil is carried out within the framework of the relevant agreement between the Government of the Republic of Kazakhstan and the Government of the Russian Federation dated June 7, 2002. "KazTransOil" JSC confirms that it is technically possible to transport 1.2 tons of Kazakh oil in the direction of the Adamova Zastava oil delivery point for further delivery to Germany, but the actual volumes of oil transportation depend on the requests of oil companies. unquote The complete press release is available on: - https://kase.kz/files/emitters/KZTO/kzto_reliz_160523_kz.pdf – in Kazakh; - https://kase.kz/files/emitters/KZTO/kzto_relizs_160523.pdf – in Russian; - https://kase.kz/files/emitters/KZTO/kzto_reliz_160523_en.pdf – in English. [2023-05-16]