Qazaqstan Marine Fuels LLP aims to ensure sustainable growth in company value.
The management of QMF LLP is convinced that effective management and trusting relationships with all project participants, including investors, are key to realizing this objective.
QMF LLP is committed to transparent and open communication with all stakeholders and therefore provides the information necessary to analyze and evaluate the company’s performance and future development strategy in a timely manner.
In order to increase the transparency and openness of the company and the trust of shareholders and potential investors, we invite you to read detailed information on operational and financial data, company results for recent financial periods and presentations.
The efficiency of the project lies in the fact that the existing facilities, when refining conventional URALS oil, which contains about 1.8% sulphur, use complex technologies, including hydrogen production and hydro-treatment of oil fractions, which require considerable investment.
Kazakhstan produces about 2 million tons of oil with sulphur content of about 0.025% (almost 100 times less than URALS) and at least 17 million tons of oil with sulphur content up to 0.25% (10 times less than URALS).
To produce marine fuel from Kazakhstani oil, it is enough to invest $20-30 million in a marine fuel plant with simple atmospheric distillation technology.
The natural qualities of Kazakh oil, such as its super-low sulphur content and relatively low light fractions, make it possible to produce premium marine fuels with very low costs (below USD 10 per ton!).
Reaching 120,000-170,000 tons per month will allow QMF to export ship fuel through the KazTransOil and Transneft pipeline systems while maintaining quality, thus saving $25-33/mt on transportation costs and making the project profitable at oil prices below $40/bbl.
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How do I become an investor? Questions and answers
Question: How do I formalize the investment in your marine fuel production project?
Answer: Before QMF LLP is converted into a joint stock company, an investor makes an investment in the company in the form of a contribution that increases its share capital.
In the future, you can invest in QMF shares in one of three ways:
- by submitting a written application to QMF LLP via www.qmf.kz (investments of KZT 5 million and more)
- by buying QMF shares from Freedom Finance’s eShop at www.ffin.kz
- buy QMF shares on the MOEX and AIX stock exchanges
Question: Is the government showing interest in the project in order to interest large investors?
Answer: In our view, we see the government’s effort and willingness to attract portfolio and direct investment. We suggest that the government sees marine fuels – and our company in particular – as a growth point alternative to traditional hydrocarbon diesels and gasoline energy. Targeted government support is needed to find new export markets and buyers through reformatting the export subsidy tool and a more effective system of support for promising investment projects. In this regard, a proposal letter has been sent to the head of the Ministry of Energy of Kazakhstan (attached).
Question: Will the Qazaqstan Marine Fuels (QMF) project be profitable?
Answer: Improvement of profitability and, consequently, profit is one of the main objectives of the development strategy of “QMF” LLP. Quantitative and qualitative output of oil products, including marine fuel, with low costs, will allow to achieve on average 25% profitability of enterprise’s activity.