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    TRNFP   RU0009091573

PUBLIC JOINT STOCK COMPANY TRANSNEFT

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End-of-day quote Moscow Micex - RTS  -  2022-07-07
123650.00 RUB   +0.20%
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After Russian move on pipeline, Kazakhstan says it needs other routes

07/07/2022 | 02:41am EDT

July 7 (Reuters) - Kazakh President Kassym-Jomart Tokayev on Thursday told his government to diversify its oil supply routes, a day after a Russian court ordered the Caspian Pipeline Consortium to suspend activity for 30 days.

A halt to the pipeline, which carries oil from Kazakhstan's vast Tengiz Field across Russia to the Black Sea, would strain the oil market just as it faces one of the worst supply crunches since the Arab oil embargo in the 1970s.

Tokayev, who has sought to balance relations with Russia, the West and China, ordered a study into building a pipeline across the Caspian Sea, a previously proposed project that would carry Kazakh oil to Europe while bypassing Russia.

Tokayev said that improving port infrastructure on the Caspian Sea was a "strategic task" for Kazakhstan's government, the presidential website said. He did not mention the Caspian Pipeline Consortium according to the website.

Heavily dependent on fossil fuels, Kazakhstan is reliant on Russian pipelines for oil exports to Europe.

On Wednesday, a court in the Russian city of Novorossiisk ordered the CPC pipeline, which handles around 1% of global oil, to suspend operations, citing issues related to oil spills. (Reporting by Reuters; editing by Guy Faulconbridge and Jason Neely)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.82% 94.35 Delayed Quote.20.17%
PUBLIC JOINT STOCK COMPANY TRANSNEFT 0.20% 123650 End-of-day quote.-22.13%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.00% 60.8 Delayed Quote.-17.48%
WTI 0.57% 88.53 Delayed Quote.16.80%
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Financials (USD)
Sales 2021 12 961 M - -
Net income 2021 2 619 M - -
Net Debt 2021 1 823 M - -
P/E ratio 2021 5,42x
Yield 2021 6,60%
Capitalization 14 223 M 14 810 M -
EV / Sales 2021 1,24x
EV / Sales 2022 1,08x
Nbr of Employees -
Free-Float 21,4%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Last Close Price 1 961,92 $
Average target price 1 861,98 $
Spread / Average Target -5,09%
EPS Revisions
Managers and Directors
Nikolay Petrovich Tokarev President, Chairman-Management Board & Director
Alexander Valentinovich Novak Chairman
Ilya Iosifovich Klebanov Independent Director
Alexander Leonidovich Korsik Independent Director
Genadiy Iosifovch Shmal Independent Director
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