The outlook for a pipeline company that controls about half of the oil flow in Kazakhstan remains stable and supportive of growth, Fitch Ratings said. Fitch Ratings affirmed a BBB-rating and stable outlook for KazTransOil, the national pipeline operator in Kazakhstan. The company, which holds a de facto monopoly over pipeline transit, delivered about half of the total volume of oil produced in the country last year. Two Kazakh joint ventures with Chinese companies operate a Kazakhstan-China oil pipeline and those volumes aren’t included in KazTransOil’s share, Fitch stated. In general, stable volumes are expected from the Central Asian nation. “At the same time, the volume of exports has decreased and may continue to decrease slightly due to depletion […]