KazTransOil JSC () is the national oil transporter in

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

accounting to 53% of all oil transported in the country. The company operates more than 8000 km of oil pipelines and 3,140 km of water pipelines. KazTransOil is a subsidiary of

KazMunayGas KazMunayGas (KMG) ( kk, QazMúnayGaz, ҚазМұнайГаз) is the state-owned oil and gas company of Kazakhstan.

, the national oil and gas company of

Rating

In July 2012, Standard & Poor’s assessed KazTransOil’s SACP at “bb+”, on the basis of their opinion of its “satisfactory” business risk profile and “significant” financial risk profile. KazTransOil’s stand-alone credit quality is supported by long-term ship-or-pay contracts with oil producers, the company’s favourable debt structure and maturity profile, limited competition from alternative oil export pipelines, and good prospects for oil production and export in Kazakhstan. KazTransOil benefits from low transportation costs and a strong market position in Kazakhstan because of its vast pipeline system. KazTransOil distributes more than 57% of Kazakhstan’s total oil exports. The rating is constrained by significant dependence on Russian pipeline operator OAO AK Transneft (BBB/Stable/--), construction risk related to pipeline capacity expansion projects, an opaque tariff regime and irregular tariff revisions, and operational risk due to aging assets.

References

External links

Company website
Companies based in Astana Oil and gas companies of Kazakhstan Companies listed on the Kazakhstan Stock Exchange {{kazakhstan-stub