Kazakhstan Chamber of Commerce in the USA

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New shareholder for Kazakhstan’s KazMunaiGas

Posted on August 15, 2015 by KazCham

Colibri Law Firm · Business Intelligence

The National Bank of the Republic of Kazakhstan will become one of the shareholders of the country’s KazMunaiGas national oil and gas company.

Samruk-Kazyna, the country’s Sovereign Welfare Fund that currently owns the entire company, will sell a 10% block of shares and one common stock in KazMunaiGas to the National Bank. The price of these shares will be determined by an independent appraiser.

KazMunaiGas JSC is Kazakhstan’s national operator for the exploration, production, processing and transportation of hydrocarbons.

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