June 27, 2017 10:23 PM ET

Oil, Gas and Consumable Fuels

Company Overview of JSC KazTransGaz

Company Overview

JSC KazTransGaz, through its subsidiaries, engages in the production, transportation, distribution, and storage of gas in the Republic of Kazakhstan. It operates approximately 15 thousand kilometers of gas pipelines, 56 compressor stations with 316 installed gas-distributing units, and 3 underground gas storage units. The company also provides consultancy services related to research and development for gas industry projects; and manages investment activities for development of gas fields. In addition, the company is involved in the construction of gas transmittal pipelines; exploration and production of natural gas and gas condensate; issuance of Eurobonds; repair and renewal, and moderniza...

Alikhan Bokeikhan Avenue, 11

Yesil District

Astana,  010000

Kazakhstan

Founded in 2000

Phone:

7 7172 55 22 24

Key Executives for JSC KazTransGaz

Chairman of Management Board, Director General and Director
Age: 43
Deputy of General Director on Economics & Finance and Member of the Management Board
Age: 39
Deputy General Director and Member of Management Board
Deputy General Director and Member of Management Board
Deputy General Director and Member of Management Board
Compensation as of Fiscal Year 2016.

JSC KazTransGaz Key Developments

Eurasian Development Bank opens a KZT 7.7 Billion Loan Facility for KazTransGas Aimak

Eurasian Development Bank provided finance for KazTransGas Aimak. A KZT 7.7 billion loan agreement was signed on 1 November 2016. The loan will finance an investment programme to upgrade and construct gas distribution networks in Aktobe Region. In particular, it will be used to build an automated gas distribution station (AGRS-300) in Aktobe, gas pipelines to the villages of Komsomol and Kosestek, an internal gas pipeline in the village of Irgiz, and other facilities. The loan will help KazTransGas Aimak to upgrade the existing gas network and ensure gas supplies to villages and settlements in Kazakhstan that lack them.

JSC KazTransGas Announces Management Changes

JSC KazTransGas announced that it has appointed Rustam Suleimanov as Director General (Chief Executive Officer). Kairat Sharipbayev who previously held the position of Director General (Chief Executive Officer) was named Chairman of the board of directors of the company starting from December 11, 2015. Suleimanov previously served as the company's Deputy General Director for Marketing and Commerce and was a member of the Board.

KTO And KTG Merger Will Not Take Place

The proposal on merger of KazTransOil JSC (KAS:KZTO) and KazTransGaz CJSC was made by the Chairman of Samruk-Kazyna State Fund Umirzak Shukeyev during his speech at expanded government meeting on November 18. He explained his idea that the presence of two pipeline companies in the structure of KazMunaiGas is inappropriate. The merger of two subsidiaries of KazMunaiGas JSC – oil transportation company KazTransOil and gas transportation company KazTransGas, according to Mr. Kabyldin, Head of KazTransOil, “It makes no sense – neither economic nor technical. This is my position as an expert,” he added.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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