Kazakhstan plans to sell over 1,000 state-owned facilities
Baku, Azerbaijan, July 25
By Elena Kosolapova - Trend:
Kazakhstan plans to sell over 1,005 state-owned objects and facilities to private owners within the privatization plan for 2014-2020, Kazakh finance ministry reported.
According to the ministry, in June 2014- July 2016 it was planned to sell 509 state-owned objects, but only 482 ones were offered for privatization and 287 of them were sold in this period.
Kazakh state budget got 6.99 billion tenge (341 tenge = $1) from privatization deals reached in this period, the regional budgets – 4.67 billion tenge, National Holdings – 67.42 billion tenge, and the socio-entrepreneurial corporations – 3.72 billion tenge.
The privatization program was initiated by Kazakh President Nursultan Nazarbayev.
Within the privatization plan Kazakhstan will transfer to the competitive environment such large state-owned companies as Kazakhstan Temir Zholy company (Kazakh railways), KazMunaiGaz oil and gas company, Kazatomprom nuclear company, Samruk-Energy company, Tau-Ken Samruk mining company, Kazpost, Air Astana airlines, Kazgeology, Kazmortransflot National Maritime Shipping Company, Atyrau refinery, Pavlodar Petrochemical Plant, PetroKazakhstan Oil Products (Shymkent refinery), etc.
Edited by SI
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