News 2015
December 2015KMG
KazMunayGas-Refining and Marketing (KMG RM) can exchange the shares with the potential investors within the frameworks of selling 3 refineries, informs Umirzak Shukeev, Chairman of the Board Samruk-Kazyna.
We plan to privatize its controlling stake in KazMunayGas-Refining and Marketing. In doing so, it is proposed to consider 3 options: to sell 51% of overall KMG RM, if it will be more efficient, then to sell separately all 3 refineries or to exchange the shares with the potential partners,"- said Mr.Shukeev at the government meeting on December 8. "As to the filling stations (for petrol retail-note by KazTAG), they are also shall be privatized and it’s better to use the experience, acquired by RM, i.e. to use franchising, and maybe, it will be necessary to make certain changes in the legislation,"- he added.
According to Mr.Shukeev, the list of objects for privatization will include 43 major assets and 182 secondary ones. For "KazMunayGas" (KMG) it is proposed, on the contrary, to consolidate the assets and to prepare for an IPOby 2017, when the Financial Centre will start its activities in Astana. It is planned to ensure the structural reforms in "KazTransOjl", to privatize the assets such as "Kazmortransflot" or Batumi Terminal, to review all non-core assets in "KazTransGaz" and "KazTransOil", to privatize them and to ensure a unification of the pipeline transport,"-said Mr.Shukeev.