News 2015
November 2015KTO
KazTransOil JSC and KazTransGas JSC shall be mergered, believes the Chairman of the Board of Samruk-Kazyna JSC Umirzak Shukeyev, reports KazTAG. "After optimization" of KazTransOil, only the pipeline transport activities shall remain. Kazmortransflot and Batumi terminal will go for privatization.
The preparatory works have already been done at KazTransGas in the frameworks of such a transformation. In particular, a single service company is created. It consolidated all the motor vehicles, special purpose machinery, warehouses and garages. A single operator for pipeline operation was created; it combines the functions of maintenance operation of gas distribution networks,-said U.Shukeev at an expanded meeting of the Government with participation of the President, held on November 18.
"As a result the operating costs are reduced for 7.3 billion KZT and the capital investments- for 9.4 billion KZT, but I believe, Nursultan Abishevich (Nazarbayev Nazarbayev-KazTAG), that in this regard it is necessary to have a firm position-it is not feasible to have two pipeline companies as a part of KazMunayGas, therefore, I suggest to merge KazTransGas and KazTransOil in the future," he added.
At the same time, he pointed out that the issues of gas trade "need to be assigned to a separate company, so the costs, associated with other activities, would be taken into account separately and do not fall into the transportation tariff”. "There is an issue of Kaztransoil shares, which are placed in the framework of the “People's IPO”. We offer to transform these shares into the shares of a unified company with respect for the rights of minority shareholders, "he added.