Shares of KazTransOil (KTO)JSC increased by about 60% from 725 tenge to 1130-1140 tenge since their placement at the Kazakhstan stock exchange during the Popular IPO in December 2012, reported LS.
“The growth of cost of KTO shares is based on the positive results of the company’s activities in 2013. This is also a result of implementation of the projects for upgrade and development of oil pipelines and the oil transportation infrastructure,” said Kairgeldy Kabyldin, General Director of KazTransOil, the national operator of the oil pipeline.
He said last year investments of the group of companies totaled 34.1 billion tenge, while investments of the company itself – 28.8 billion tenge.
He said in 2012 the shareholders received a dividend profit of 10.34% and by the end of 2013 – over 15%. During 2 years the company paid dividends to a total amount of over 70,772,000,000 tenge.
KTO is the biggest oil pipeline company of Kazakhstan, which transports oil to the local market and also exports it.
KTO is the owner of the biggest system of oil pipelines and water pipelines in Kazakhstan, total length of which is 5,495,023 km (considering 71.7 km of Kenkiyak-Orsk oil pipeline in Russia and owned by the KazTransOil representation in Samara city) and 2,148 km of water pipelines.
The oil transportation via the oil pipelines is ensured by 39 oil pumping stations, 64 oil heating furnaces and a reservoir park for oil storage with a total volume of 1,259,000 cub.m.
