Kazakhstan Chamber of Commerce in the USA

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KazMunaiGas plans to sell 50% of its interest in KMG Kashagan B.V

Posted on July 15, 2015 by KazCham

Business Intelligence from Colibri Law Firm: Issue #107

Kazakh national oil and gas company KazMunaiGas plans to sell 50% in KMG Kashagan B.V., an owner of 16.88% stake in the project to develop Kashagan super-field, to Samruk-Kazyna Kazakh National Welfare Fund.

The purchase price of the deal shall be determined based on an independent appraisal, and is expected to be reach as high as $4.7 billion. The selling transaction is to be fully executed before the end of 2015.

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