Fund: KazMunaiGas to enter top 30 largest oil and gas companies by 2022
Kazakhstan, Astana, April 4 / Trend D. Mukhtarov /
Kazakhstan's KazMunaiGas National Oil and Gas Company should enter the top 30 largest oil companies in the world in the next 10 years, the deputy chairman of the Kazakh Sovereign Wealth Fund "Samruk-Kazyna", Kuandyk Bishimbev, said on Wednesday during a round table meeting dedicated to the fund's strategy. He said KMG now is among the top 50 largest oil companies in the world.
KazMunaiGas is Kazakhstan's national operator for exploration, production, processing and transportation of hydrocarbons. The Sovereign Wealth Fund "Samruk-Kazyna" owns 100 per cent of KazMunaiGas shares.