sentences:  KazTransOil is a subsidiary of KazMunayGas, the national oil and gas company of Kazakhstan.In July 2012, Standard & Poor’s assessed KazTransOil’s SACP at “bb+”, on the basis of their opinion of its “satisfactory” business risk profile and “significant” financial risk profile.KazTransOil’s stand-alone credit quality is supported by long-term ship-or-pay contracts with oil producers, the company’s favourable debt structure and maturity profile, limited competition from alternative oil export pipelines, and good prospects for oil production and export in Kazakhstan.