Shorouk Express 
ASTANA, Kazakhstan, December 1. S&P Global
Ratings has upgraded the long-term issuer default rating (IDR) of
KazTransOil to BBB- with a Stable outlook, Trend reports via
KazTransOil.
The rating is aligned with that of KazTransOil’s parent company,
KazMunayGas National Company, as well as the sovereign rating of
Kazakhstan, which is also rated BBB-.
According to the S&P, the decision to raise the rating was
driven by KazTransOil’s low debt burden, its ability to generate
stable free cash flow, and its strategic importance to the
government of Kazakhstan as the national operator of main oil
pipelines.
KazTransOil is Kazakhstan’s leading oil pipeline company,
providing transportation services for domestic markets, transit,
and exports. The company operates a total pipeline length of 5,196
km. Oil transportation through the pipelines is supported by 36
pumping stations, 68 oil heating furnaces, and an oil storage tank
farm with a significant capacity.
Additionally, oil transshipment is carried out through five
railway oil loading racks and specialized equipment for loading oil
onto tankers, which is installed at 3 active berths of the marine
oil terminal at the Port of Aktau.
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