Kazakhstan readies NOC for IPO
Kazakhstan The company will be put up on domestic stock exchanges Kazakhstan Stock Exchange and Astana International Exchange.
Founded in 2002, the state-run company produces 25% of the nation’s oil and gas condensate and 15% of its natural gas and associated gas. The entity’s pipelines transport 56% of the country’s oil. KazMunayGas’s shares in local oil refineries cover 81% of Kazakhstan’s oil refining output.
Samruk Kazyna currently runs KazMunayGas with a 90.42% stake, with National Bank of the Republic of Kazakhstan holding the remaining shares.
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