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Kazmortransflot Purchases 2 Large Capacity Aframax Tankers

Source: www.gulfoilandgas.com 12/9/2011, Location: Asia

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The ceremony of acceptance of the first large capacity tankers by JSC NMSC “Kazmortransflot” (KMTF, a wholly-owned subsidiary of JSC NC “KazMunayGas”) was held on 9 December 2011 in the port of Batumi (Georgia). Managing Director for Oil Transportation of JSC NC “KazMunayGas” Nurtas Shmanov, Chairman of Management Board of JSC NMSC “Kazmortransflot" Marat Ormanov and other officials took part in the event.

KMTF has purchased two Aframax crude oil tankers with the deadweight of 115 thousand tons each. The new ships have been named “Alatau” and “Altai” .

These tankers have been constructed by the South Korean ship-building company Samsung Heavy Industries and are designed for transporting crude oil and oil products on the Black and Mediterranean Seas.

This way, the NMSC “Kazmortransflot” group of companies is increasing its own fleet with large capacity tankers and expanding the geography of its business. The tankers have been purchased as part of the measures to implement the long-term development strategy of JSC NC “KazMunayGas” and with the support of JSC “NWF “Samruk-Kazyna”.

KMTF sets the goal of creating a technologically efficient transportation corridor through reliable operation of the logistics system for transportation of the Kazakh oil to the global market, according to the “exploration-production-transportation-refining-delivery” principle.

Currently, the fleet of the Kazmortransflot group of companies is comprised of 21 ships of various kinds and purposes, including 8 tankers. In accordance with the development strategy until 2020, KMTF plans to increase the total tonnage of the own fleet to 1,426,000 tons though acquisition of additional 4 large-capacity ships.

KMTF is pursuing the goal of further participation in the “big oil” transportation both on the Caspian Sea, and in the high seas.

Being one of the most dynamically developing companies on the Caspian, KMG continues strengthening its positions through increasing the assets at the international market of marine multimodal transportation.

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