Results of production-financial activity of KazTransOil JSC in the 1st half of 2005 (operational data)
20.07.05 11:08
/KazTransOil JSC, Astana, July 13, 05/ -The first half of 2005 is marked by
the growth of oil transportation through the system of KazTransOil JSC, and
its export supplies on main oil pipeline Atyrau-Samara grew.
The company started new level of collaboration with enterprises of
neighboring states in the field of oil transit, keeping quality of oil and
development of new export directions. In this regard one of the important
events is construction of oil pipeline Atasu-Alashankou, which will give
additional impulse to mutually beneficial partnership of three countries:
Kazakhstan, Russia and China.
This work has important significance in strengthening of international
positions of the enterprise. This is certified by ratings of leading world
agencies. Confirmation of efficiency of the company's production-financial
activity became rising of ratings by Moody's Investor Services agency.
High assessment, given to this company, sets aims before KazTransOil JSC
staff to achieve new professional heights.
Today the biggest pipeline company of Kazakhstan KazTransOil JSC is
engaged in active work on search of alternative directions for hydrocarbon
transportation, development of existing oil transport systems.
Successful work of many thousands staff allows KazTransOil JSC to look
confidently and optimistically in future.
Income part
Volume of oil transportation in the 1st half of 2005 equaled to 18,380 th.
tons, this is 101% of plan (plan - 18,137 th. tons). Growth of oil
transportation volumes in KazTransOil JSC is caused by growth of
production volumes and supply of a number of oil-and-gas production
companies (OGPC) of the western region.
Main index, determining efficiency of operation of transport company -
turnover of oil by main oil pipeline systems of KazTransOil JSC in the first
half of 2005 equaled to 12,126 m. tons km., what exceeds planned index by
289 m. tons km. (by 2%) and exceeds indexes for the same period of 2004
by 19 m. tons km. (by 0.2%).
Taking into account social aspect, KazTransOil JSC continues to support
and provide with water Western region through sluice Astrakhan-
Mangyshlak. In the 1st half of 2005 volume of water supply equaled to 8,968
th. cub. m., what corresponds to execution of plan by 100% and exceeds
indexes of the same period of 2004 by 98 th. cub. m.
Tariff earnings from primary activity in the 1st half of 2005 by preliminary
data reached KZT29,419 m. and exceeded planed indexes by 2.6%. And in
comparison with the 1st half of the last year there is increase for the amount
KZT268 m. or by 1% (actual 1 h/y 2004 г. - KZT29,151 m.).
Payments to budget
By operational data, payments to budget and off-budget funds in January-
June 2005 equaled to KZT951 m. In comparison with the 1st half of 2004
amount of payments to budget and off-budget funds increased by 7% (1 half
2004 - KZT888 m.).
KazTransOil JSC has paid corporate income tax in the amount KZT1,551 m.
Capital project
Execution of capital project by KazTransOil JSC in the 1st half of 2005
equaled to KZT7,108 m. or 121% from the plan.
Financial achievements
From the moment of issue of eurobonds in 2001 for the amount USD150 m.,
KazTransOil JSC (hereinafter - Company) is active participant of
international capitals market. In June 2005 Moody's Investors Service
agency raised rating of the Company's debt liabilities from Ваа3 (positive
prognosis) to Ваа2 (stable prognosis). Also, company's rating is the same on
the level Ваа 3 (positive prognosis). In the opinion of agency's experts, rise
of ratings reflects increased strategic value of state oil transport company
for growing economy and development of the country.
On July 5, 2005 KazTransOil JSC has completed its liabilities on payment of
the next half-yearly coupon on eurobonds, issued on July 6, 2001 with
interest rate in 8.5% APR and term of maturity in 2006.
[2005-07-20]