Baku, Azerbaijan, Jan. 16
By Ali Mustafayev – Trend:
In preparation of KazMunaiGas for IPO, several Kazakh state-owned companies, including some of the country’s oil refineries will be privatized, said Minister of National Economy of Kazakhstan Timur Suleimenov at a government meeting on Jan. 16.
"The government approved the sale of assets of 14 state-owned companies in order to implement a successful IPO and increase the value of shares of national companies. Seven of them belong to JSC NC KMG, including Urikhtau Operating LLP, Pavlodar Petrochemical Plant LLP, PetroKazakhstan Oil Products LLP, Atyrau Oil Refinery, KMG Automation LLP and Teniz Service LLP," the minister said.
Suleimenov said the government of Kazakhstan has developed a special draft resolution to carry out this task. Presently, the project is at the stage of agreement.
Previously, the minister also mentioned that the Kazakh government will prepare a platform for the participation of the Astana International Financial Center in the IPO in 2018.
