KazTransOil JSC () is the national oil transporter in

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ...

accounting for 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, the national oil and gas company of

Rating

In July 2012, Standard & Poor’s assessed KazTransOil’s

SACP The South African Communist Party (SACP) is a communist party in South Africa. It was founded on 12 February 1921 as the Communist Party of South Africa (CPSA), and tactically dissolved itself in 1950 in the face of being declared illegal by t ...

at “bb+”, on the basis of their opinion of its “satisfactory” business risk profile and “significant”

financial risk Financial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default. Often it is understood to include only downside risk, meaning the potential for financi ...

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 Companies in the KASE 1997 establishments in Kazakhstan {{kazakhstan-stub