01.06.2009, 11:11 2567

KazMunaiGas to present investment stability program

In the near future JSC Company KazMunaiGas is expected to present the program of investment stability. The chairman of JSC Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, informed on Friday, the agency reports citing the information portal Oil of Russia.

Almaty. July 1. Kazakhstan Today - In the near future JSC Company KazMunaiGas is expected to present the program of investment stability. The chairman of JSC Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, informed on Friday, the agency reports citing the information portal Oil of Russia.

According to K. Kelimetov, the question where KazMunaiGas will obtain the funds for service of its share in Kashagan project or for purchase of the shares and modernization of the Pavlodar petrochemical factory were discussed.

"These questions will be soon considered by the Board of Directors of KazMunaiGas and Samruk-Kazyna fund," he said.

The chair of the fund also reminded that the tranche of $5 billion from the Chinese credit of $ 10 billion will be for the oil-and-gas sector.

"These $5 billion will be spent on joint with KazMunaiGas and Chinese National Company CNPC purchase of shares of MangistauMunaiGas and the gas pipeline Beyneu - Bozoy - Samsonovka," K. Kelimbetov emphasized.

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