KazMunayGas: beneficial investment

October 30, 2014, Management of «KazMunayGas» and «Samruk-Kazyna», representatives of the subsidiaries and affiliates met with potential investors in the framework of the Comprehensive privatization plan for 2014-2016.

Leadership of “KMG” and subsidiaries explained rules for privatized assets and presented most attracted objects during the event chaired by the Deputy Chairman of the Management Board for Corporate Center “JSC NC “KazMunayGas” Daniyar Berlibayev.It was noted that the implementation of the privatization program is designed to reduce state involvement in the economy and strengthen its foundations by increasing the share of the private sector.

As is known, Government jointly with «Samruk-Kazyna”  JSC have developed a Comprehensive privatization plan for 2014-2016 within the execution of the Kazakh President’s order. KMG plans to privatize 27 companies in 2014-2020, seven of which are  scheduled to be sold before the end of this year.

In this regard, JSC NC «KazMunayGas» established sectoral commission on the sale of assets. By decision of the Fund «Samruk-Kazyna» it is planned to privatize the following subsidiaries and affiliates of “KMG” in 2014:

1.«Kazmortransflot«LLP

2. “Euro-Asia Air” JSC

3. “ Kazakh Oil and Gas Institute” JSC

4. “Kazakh-British Technical University” JSC

5. PALPLAST S.A.

6. ROMINSERV VALVES IAIFO SRL

7. GLOBAL SECURITY SISTEM S.A.

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