Kazakh KazMunaiGas has new head of Board of Directors

9 October 2012 15:41 (UTC+04:00)

Azerbaijan, Baku, Oct. 9 / Trend E. Kosolapova/

Kazakh Oil and Gas Minister Sauat Mynbayev has been appointed as Chairman of the Board of Kazakh National Oil and Gas Company KazMunaiGas, Kazakh Sovereign Wealth Fund Samruk-Kazyna's protocol says.

Mynbayev will replace Samruk-Kazyna's Board Chairman Umirzak Shukeyev on this post.

Moreover, Samruk-Kazyna's Board of Directors appointed Nurlan Rakhmetov to represent interests of Samruk-Kazyna as the only shareholder of KazMunaiGas.

KazMunaiGas is Kazakhstan's national operator for hydrocarbon exploration, production, processing and transportation. Kazakh Sovereign Wealth Fund Samruk-Kazyna is the only shareholder of the company.

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