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    KZTO   KZ1C00000744

KAZTRANSOIL JSC

(KZTO)
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KazTransOil AO : Astana hosted the International Association of Oil Transporters Session

09/08/2017 | 11:49pm EDT

September 07, 2017

The VIII Session of the International Association of Oil Transporters (IAOT) took place today in Astana. The meeting was attended by heads of major oil transportation companies of Kazakhstan, Belarus, Hungary, China, Russia, Slovakia, Ukraine and the Czech Republic, who discussed the issues of economic cooperation and set up the plans for 2018.

The participants discussed the results of performance of the permanent expert groups for legal issues and supplies, the plans of the expert group for energy efficiency for the upcoming year, the outcome of 'Best by Profession-2017' competition with specialists from the Czech Republic, Slovakia, Hungary and China taking part in it for the first time, the progress in preparations for the final round of the II International Scientific Technical Youth Conference of Transneft and IAOT participating states, and some other issues.

Mr. Dimash Dossanov, the General Director of KazTransOil JSC, in his opening speech noted that the meeting of heads of the largest international oil transportation companies in Astana was an important event.

'KazTransOil JSC marks its 20th anniversary in 2017. It is a great honor for Kazakhstan's oil pipeliners to receive so honorable guests in the anniversary year, and during the period when Astana hosts the International Exhibition EXPO-2017. I expect the meeting will contribute to strengthening the economic stability of our states,' Mr. Dossanov said.

Mr. Dimash Dossanov, the General Director of KazTransOil JSC, Mr. Stanislav Bruna, the CEO of MERO ČR and IAOT Chair, Mr. Nikolay Tokarev, the President of Transneft PJSC and IAOT Deputy Chair, expressed conviction that the meeting in Astana promoted practical implementation of the ideas of integration of oil transportation mains of Europe and Asia.

Reference:
The International Association of Oil Transporters was established in 2013. The IAOT is meant to facilitate the coordination of efforts on effective development of oil transportation systems of the participating companies and strengthen the stability of international oil transportation. As part of the IAOT activities, the issues of tariff formation, diagnostics, operation of oil pipelines, oil (oil products) storage, and development of strategic steps related to oil transportation in the Eurasian space are discussed. The IAOT founder is MERO ČR, the Czech trading company. KazTransOil JSC has been a member of IAOT since September 4, 2015. Today, the IAOT members are 8 companies: MERO ČR (Czech Republic), Transneft PJSC (Russia), KazTransOil JSC (Kazakhstan), Transpetrol (Slovakia), Gomeltransneft Druzhba OJSC (Belarus), MOL (Hungary), CNPC (China) and Ukrtransnafta PJSC (Ukraine).

The Company does not have any obligation to provide interested persons the documents legally translated into English or any other language. Documents posted on the website in English, are not legal translation.

Site users must use the translated documents only to get an idea about the content of the Company approved documents placed on the website in Kazakh and / or Russian.

The Company shall not be held responsible for the correctness of the findings of the person concerned as to the correctness and completeness of the translation of documents into English, as well as conclusions on the rights of the person concerned and / or obligations of the Company, made on the basis of the documents posted on the website in English.

KazTransOil JSC published this content on 07 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 September 2017 03:48:08 UTC.


© Publicnow 2017
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Financials
Sales 2021 250 B 585 M 585 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 13,1%
Capitalization 427 B 998 M 998 M
Capi. / Sales 2021 1,71x
Capi. / Sales 2022 1,65x
Nbr of Employees 7 150
Free-Float 10,00%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Average target price 1 280,10 KZT
Last Close Price 1 109,99 KZT
Spread / Highest target 22,1%
Spread / Average Target 15,3%
Spread / Lowest Target 8,56%
Managers and Directors
NameTitle
Dimash Dosanov Chairman-Management Board & Director
Daniyar Amirbaevich Berlibayev Chairman
Hadrien Freyssinet Independent Director
Alves Vinicius Agostini Independent Director
Almasbek Mukhashov Independent Director
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