Kazakh KazMunaiGas has new head of Board of Directors

Oct. 9. Trend

By E. Kosolapova

Kazakh KazMunaiGas has new head of Board of DirectorsKazakh Oil and Gas Minister Sauat Mynbayev has been appointed as Chairman of the Board of Kazakh National Oil and Gas Company KazMunaiGas, Kazakh Sovereign Wealth Fund Samruk-Kazyna’s protocol says.

Mynbayev will replace Samruk-Kazyna’s Board Chairman Umirzak Shukeyev on this post.

Moreover, Samruk-Kazyna’s Board of Directors appointed Nurlan Rakhmetov to represent interests of Samruk-Kazyna as the only shareholder of KazMunaiGas.

KazMunaiGas is Kazakhstan’s national operator for hydrocarbon exploration, production, processing and transportation. Kazakh Sovereign Wealth Fund Samruk-Kazyna is the only shareholder of the company.