Kazakhstan's oil pipeline forecasts 2013 revenue
Kazakhstan's oil pipeline monopoly KazTransOil plans to receive
consolidated revenues of 170 billion tenge in 2013, General
Director of the company, Kairgeldy Kabyldin, told journalists on
Monday.
"In 2011, our consolidated revenues amounted to about 140 billion
tenge. This year, we are expecting that this figure will amount to
145-146 billion tenge," Kabyldin said.
According to him, in 2011, the company paid 19 billion tenge to its
sole shareholder KazMunaiGas in dividends.
"In 2013, we expect that our level of profitability will stand
at about 170 billion tenge. Thus, we can assume that dividends will
grow on the shares of the company," he added.
It was previously reported that only 40 percent of KazTransOil
revenue will be directed to payment of dividends under the
"People's IPO".
"We have changed the dividend policy. At least 40 percent of the
company's net profits will now be directed to payment of
dividends," Kabyldin said.
The People's IPO program will allow the citizens of Kazakhstan to
become co-owners of the major national companies.
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