Fitch comments Tengizchevroil expansion

The International Ratings Agency Fitch Ratings expects that the Tengizchevroil (TCO) expansion will result in a lower dividend stream to the Kazakh state-owned National Company KazMunaiGas, which owns a 20% stake in TCO, over the medium term. …

New head of KazMunaiGas appointed

The Board of Directors of the leading oil company of Kazakhstan, JSC KazMunaiGas Exploration Production (KMG EP), announces that Kurmangazy Iskaziev has been appointed General Director of KMG EP. He previously held the position …

KazMunaiGas sells $4 billion of shares

Kazakh national oil and gas company KazMunaiGas has sold 58,420,748 common shares at the Kazakh Stock Exchange. The auction was attended by 2 members and was implemented by the British trading. The deal amounted to …