PETROLEUM. Analytical journal. New projects, fields’ development, production, processing and transportation of oil and gas, presentation of the companies, statistics on the production of hydrocarbons, monitoring of investment legislation.

The Government of Kazakhstan has selected enterprises and companies that should go into private hands during the "second wave" of privatization of state assets. The list is published on the State Property Agency website gosreestr.kz.

 

KMG: failed IPO 

 

Perhaps the most interesting lot on the list is the national company KazMunayGas. According to the approved plan, 25% of its shares should be sold in December 2022.

 

Interestingly, the working group on the preparation of the national company’s privatization was formed in July 2016. A little earlier, in the spring, KMG Managing Director for Economics and Finance Ardak Kassymbek, speaking at the X Annual Fitch Ratings Conference on Kazakhstan in Almaty, said: "We have plans to launch KazMunayGas IPO, more realistic, in my opinion, it can be done after 2018."