Chagala Group adds to Kazakhstan portfolio
Caspi Limited, one of Kazakhstan-focused Chagala Group Ltd’s (LON:CGLO) portfolio companies, has signed a short term lease on a new property.
Chagala specialises in properties used as accommodation for oil workers in the Caspian region and this is a one-year lease agreement with Tengizchevroil (TCO) for a townhouse residential complex in Saraishyk.
TCO participants include Chevron (50% interest), ExxonMobil (25%), KazMunayGas (20%) and LukArco (5%).
Francisco Parrilla, Chagala Group chief executive, said: “We are delighted to see TCO becoming part of our partners with our most special product”.