KazMunaiGas increases support of domestic producers in Kazakhstan

Business Materials 19 March 2013 18:16 (UTC +04:00)

Kazakhstan, Astana, March 19 / Trend D. Mukhtarov /

The companies included in KazMunaiGas National Company, will increase the number of contracts with domestic producers fourfold to almost 80 billion tenge
($1-150.6 tenge) in 2013, Deputy Chairman of KazMunaiGas National Company Board Magzum Mirzagaliev said today.

"The amount of long term contracts planned to be concluded with domestic producers in 2013 is 79.7 billion tenge," Mirzagaliev said at a meeting of the public council for the development of local content under the Samruk-Kazyna Sovereign Wealth Fund.

He added that last year the figure was 20.7 billion tenge and in 2011 - 3.3 billion tenge.