Kazakhstan Chamber of Commerce in the USA


Ex-KMG president named head of KazTransOil

Posted on October 13, 2011 by Alex

Kairgeldy Kabyldin, ex-president of the national oil and gas company KazMunaiGas,  was  named head  of  its subsidiary and Kazakhstan’s  oil pipeline operator, KazTransOil.

Kabyldin has replaced Nurbol Sultan, who in turn was appointed head of KazTransGas, Kazakhstan’s gas pipeline operator.  Kabyldin, who had been CEO of KazMunaiGas since 2008, was unexpectedly dismissed from his position last week and replaced by Bolat Akchulakov, a young oil and gas executive who is rumored to have close ties to Timur Kulibayev, head of Samruk-Kazyna, the  state-owned holding company  which  owns 100% of shares in KazMunaiGas.

SOURCE: SRI, Kazakhstan Daily News Brief, Issue dated October 12, 2011

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