Kazakhstan-China Pipeline LLP (KCP), operator of the Atasu–Alashankou and Kenkiyak–Kumkol oil pipelines, saw its net profit fall by 26% in 2025 to 27 billion tenge from 36.5 billion tenge a year earlier, according to infohub.kz.
The company's revenue also decreased by 13.3% to 76.2 billion tenge from 87.9 billion tenge. Operating profit dropped to 29.2 billion tenge from 43.4 billion tenge. However, financial income more than doubled to 6.4 billion tenge from 3.2 billion tenge in 2024.
KCP is equally owned by Kazakhstan's national operator KazTransOil and China's CNODC. Since 2025, CNODC has been challenging in court an order from the Ministry of Energy that changed tariffs for transporting 10 million tonnes of Russian oil through Kazakhstan to China.
From May 1, 2025, the tariff on the Atasu–Alashankou section was reduced from $10.77 to $7.76 per tonne (excluding VAT). According to the Telegram channel Energy Monitor, this decision could cost KCP about $30 million in annual revenue, with roughly $15 million attributable to the Chinese shareholder.
In July 2025, CNODC attempted to have the Ministry of Energy's order declared invalid in court, but the lawsuit was dismissed. The company then filed new claims challenging the ministry's actions. In February 2026, the court partially upheld CNODC's demands and ordered the Ministry of Energy to provide the company with materials related to the tariff revision.
Later, the Chinese side again went to court seeking to annul the ministry's order. KazTransOil and KCP were brought in as third parties to the case.
The pipeline's report also notes that CNODC and the Ministry of Energy are currently in the process of agreeing on a draft settlement agreement. As of the date of approval of this annual financial report, the outcome of the litigation remains undetermined.