Kazakhstan to sell energy companies from 2012.

By bne IntelliNews January 31, 2011
Kazakhstan plans to put on sale major oil and power companies, and miners in a major privatisation to be started next year, Kairat Kelimbetov, head of national sovereign fund SamrukKazyna has stated. Kelimbetov explained that in Q1, the fund will give proposals to the government and then a political decision is need to go forward with the privatization. To remind you, in autumn last year there were mixed signals from Kelimbetov and Timur Kulibayev (deputy head of SamrukKazyna and privately son-in-law of the Kazakh president) on possible sell of 10-20% of national oil and gas holding KazMunayGas. However, presently the idea is not on the floor. SamrukKazyna manages assets worth USD 70bn and accounting for around half of the Kazakh GDP.

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