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KazMunayGas to fulfill obligations before Georgia

Oil&Gas Materials 24 September 2009 10:25 (UTC +04:00)

Kazakhstan, Astana, Sept. 24 / Trend , K.Konyrova/

KazMunayGas (KMG) will fulfill its investment obligations before Georgia, the KMG Managing Director for Gas Projects, Daniyar Berlibaev told journalists.

"We give more than $40 million to the resort project in the Likani. Our "daughter"- KMG-Service is now engaged in developing this project. The works will start this year, funding and design work has already begun," said Berlibaev.

The question where the KMG will take those $40 million, the managing director, said that it would be the national company's own funds, or KMG will attract targeted loans.

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