Differentiated approach needed for Kazakh investors' assets in Georgia: KMG CEO on Gas Projects

Oil&Gas Materials 16 July 2009 18:00 (UTC +04:00)

Kazakhstan, Astana, July 16 / corr Trend K.Konirova /

Differentiated approach should be applied with regard to Kazak investors' assets in Georgia, KAzMunayGas National Company Executive Director for Gas Projects Daniyar Berlibayev told Trend correspondent in Astana.

"The recent statement by Georgian President Mikheil Saakashvili dealt about investors in hotel and construction sectors. The list included KMG-Service, whilst the majority of facilities in Georgia ranging from hotels, resorts, to houses, have nothing to do KaMunayGas," Berlibayev said.

Berlibayev said that some facilities belong to different Kazakh investors, including BTA-Bank, which has held staff replacement recently.

The Government of Kazakhstan is involved in repayment of BTA-Bank's assets in foreign countries, including Georgia, Ukraine and Russia.

Berelibayev said they will not sell a gas distribution station in Tbilisi. "Presently, we hold talks with the Georgian side to solve all problems that appeared.

KazTAG announced last week Saakashvili voiced his dissatisfaction with Kazakh investors' work, stating his intention to discuss the issue with Kazakh President Nursultan Nazarbayev. He made the statement in a meeting with his plenipotentiary representatives in regions and heads of district administrations.

Saakashvili voiced his dissatisfaction with the activities of "some: Kazakh companies, avoiding naming them. After agreement on the presidential level they received "green light" and in fact, occupied "special" place in the hotel and construction sector of Georgia.

In particular, the president criticized the Kazakh state company which purchased sanatoriums in Likani resort (it is dealt with KMG-Service, a daughter company of KazMunayGas. Likani is located in Borzhomi District of Georgia, where residence of Romanovs empire family is - KazTAG).

"Investors from Kazakhstan, acquired Likani, destroyed, did nothing and left many people jobless," Saakashvili said. Their projects were unsuccessful in Tbilisi. They paid so little sum to refugees while purchasing hotels in Batumi that they could not purchase houses in normal places, he added.

The Georgian president said he would speak to the Kazakh president on this issue.

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