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Kazakhstan to Navigate in Open Seas

Tuesday 12 June 2018

BAKU (KazInform) – In order to achieve independence from changes in the export of Kazakh oil and market conditions, Kazmortransflot LLP (KMTF), plans to participate in the transportation of foreign oil companies’ cargoes, as well as to build large-capacity tankers for the volumes of foreign oil companies.

Kazmortransflot is the Kazakh national sea carrier. KMTF is a service provider to Kazakhstan and foreign partners. The company owns the largest, as well as the most modern in the Republic of Kazakhstan fleet — tanker, tugboats, as well as vessels for transportation of bulky cargo and barges for various purposes.

The strategy of KMTF in the sector of oil cargo transportation in the open seas is aimed at strengthening the positions in the trans-Black Sea region, and the consistent increase in participation in the total volume of transportation of Kazakhstan oil cargoes in the open seas by increasing its own large-capacity fleet, a source in the company told Trend news agency.

The source said to the reporter:

The priorities of KMTF include ensuring safe, reliable and cost-effective services, as well as obtaining additional income from oil transportation from the transportation of Kazakh hydrocarbon raw materials for export.

KMTF plans also to participate in the synergy with the group of KazMunayGas (KMG) companies by organizing the transportation of Kazakh oil to the world market and achieving the full transport corridor of KMG:

In the event that there is sufficient volume of Kazakh oil exports, demand for ships and transportation of cargo in the long term, the company will build large-capacity tankers under guaranteed volumes for transportation of oil and oil products controlled by KMG and other subsoil users exporting from Kazakhstan.

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