KazTransOil will increase supplies of Kazakh oil to Germany by 54 % in November

29.11.23 18:44
/KASE, November 29, 2023/ – KazTransOil JSC (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated November 29, 2023: quote The volume of transportation of kazakh oil through the system of trunk oil pipelines of Transneft PJSC in the direction of the Adamova Zastava oil delivery point for further delivery to Germany will increase from the planned 100 thousand tons to 154 thousand tons. This was announced by the director of the transportation department of KazTransOil JSC Abai Beisembayev at the Issuer's Day organized by the Kazakhstan Stock Exchange. "Despite the difficult meteorological conditions in the Black Sea, KazTransOil JSC fully fulfills its obligations to shippers. There are no restrictions on the part of Transneft PJSC for today. Due to the limitations of oil transportation through the system of the "Caspian Pipeline Consortium" JSC, a number of shippers who would like to pump oil through our system have applied to KazTransOil JSC. Operational work was carried out with Transneft PJSC on additional pumping of the resources of Karachaganak Petroleum Operating B.V. In November, it was planned to deliver 100 thousand tons of oil to Germany, but by the end of the month, the volume of transportation of kazakh oil through the system of trunk oil pipelines of Transneft PJSC in the direction of the Adamova Zastava oil delivery point for further delivery to Germany will amount to 154 thousand tons", - Abai Beisembayev said. He also reported that KazTransOil JSC additionally took 55 thousand tons of oil for storage, of which 23 thousand tons of oil from Karachaganak Petroleum Operating B.V. and 32 thousand tons of oil from oil producing companies of the kashagan field. unquote The complete press release is available on: - https://kase.kz/files/emitters/KZTO/kzto_reliz_291123_kz.pdf – in Kazakh; - https://kase.kz/files/emitters/KZTO/kzto_relizs_291123.pdf – in Russian; - https://kase.kz/files/emitters/KZTO/kzto_reliz_291123_en.pdf – in English. [2023-11-29]