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MarketScreener Homepage  >  Equities  >  Kazakhstan Stock Exchange  >  KazTransOil JSC    KZTO   KZ1C00000744

KAZTRANSOIL JSC

(KZTO)
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Kazakhstan halts contaminated oil from spreading outside country

01/29/2020 | 06:24am EST

Kazakhstan has contained the spread of contaminated oil within its borders by reducing exports to China and altering the schedule of supplies to domestic refineries, energy ministry and pipeline operator KazTransOil said on Wednesday.

Kazakhstan suspended its oil exports to China earlier this month after organic chlorides contamination was found in crude supplied by a Kazakh producer less than a year after the "dirty oil" crisis in neighbouring Russia.

Unlike the Russian Druzhba pipeline problems in April last year, when 5 million tonnes of oil were contaminated with organic chlorides, the origin this time was Kazakh oilfields and the volumes were much less, at around 150,000 tonnes.

KazTransOil told Reuters that organic chlorides content in oil at major pipelines, including the Russia-bound Atyrau - Samara pipeline, was within allowed levels.

Trading sources said Kazakhstan had also reduced its plans for oil transit via Russia by 100,000 tonnes in February.

On Tuesday, Kazakh Deputy Energy Minister Murat Zhurebekov said oil exports to China had not yet been restored. The authorities have also been working on plans for dirty oil utilisation. It could be diluted by cleaner oil, shipped off by rail or sent to inventories, market sources said.

The contaminated oil crisis has also hit supplies to Kazakh domestic refineries. KazTransOil has reviewed shipment plans for the Shymkent and Pavlodar oil refineries, it said without providing any details on volumes.

Trading sources said the Shymkent refinery would slightly reduce its oil throughput to 395,000 tonnes this month from an initially planned 400,000 tonnes.

At the same time, Atyrau refinery will process extra 30,000 tonnes from the planned 486,200 tonnes.

(Reporting by Alla Afanasyeva and Alexander Ershov; writing by Vladimir Soldatkin; editing by David Evans)


© Reuters 2020
Stocks mentioned in the article
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CARDINAL HEALTH, INC. 1.06% 55.97 Delayed Quote.10.02%
CARDLYTICS, INC. 1.82% 119.98 Delayed Quote.87.43%
KAZTRANSOIL JSC 0.55% 910 End-of-day quote.-11.56%
LONDON BRENT OIL 0.23% 49.14 Delayed Quote.-27.36%
OIL REFINERIES LTD. 1.64% 68 Delayed Quote.-60.55%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.96% 73.87223 Delayed Quote.21.05%
WTI 0.34% 46.07 Delayed Quote.-26.86%
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Financials
Sales 2020 246 B 585 M 585 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 350 B 832 M 832 M
Capi. / Sales 2020 1,42x
Capi. / Sales 2021 1,38x
Nbr of Employees 7 150
Free-Float 10,00%
Chart KAZTRANSOIL JSC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 1 322,00 KZT
Last Close Price 910,00 KZT
Spread / Highest target 73,4%
Spread / Average Target 45,3%
Spread / Lowest Target 17,1%
Managers
NameTitle
Dimash Dosanov Chairman-Management Board & Director
Daniyar Amirbaevich Berlibayev Chairman
Nurtas Nuribekovich Shmanov Director
Hadrien Freyssinet Independent Director
Alves Vinicius Agostini Independent Director
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