“Trade House “KazMunaiGaz” JSC Closed Transaction of Acquiring the “Pavlodar Petrochemical Plant” JSC Shares

“Trade House “KazMunaiGaz” JSC Closed Transaction of Acquiring the “Pavlodar Petrochemical Plant” JSC SharesOn 4 August of this year in Almaty the “Trade House “KazMunaiGaz” JSC (a wholly-owned subsidiary of NC “KazMunayGas” JSC) signed the agreement on purchase and sale of the 100% participation interest in the authorized capital of the Refinery Company RT LLP that is the proprietor of the assets and the owner of a 58% stake in the “Pavlodar Petrochemical Plant” JSC.

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Economic meltdown only latest woe for oil-rich Kazakhstan

Economic meltdown only latest woe for oil-rich KazakhstanWith economic turmoil ravaging world markets, political or economic instability anywhere comes with incrementally higher stakes. Russia’s most recent conflict with the Ukraine and last year’s clampdown on the Caucasus state of Georgia has undoubtedly had ripple effects. The road ahead for the central Asian nation of Kazakhstan, nestled awkwardly between its powerful Russian and Chinese neighbors, may be equally ambiguous and fraught with potentially-hazardous unknowns.

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