Kazakhstan to reduce state’s participation in economy
Baku, Azerbaijan, Sept. 19
By Elena Kosolapova – Trend:
Kazakhstan’s privatization program will reduce the state participation in the economy to 15 percent, which is the level set for countries of the Organization for Economic Cooperation and Development (OECD), Economy Minister Kuandik Bishimbayev said at a meeting in Majilis, the parliament’s lower chamber.
The minister noted that within the approved plan, 783 facilities and companies, including 65 large companies operating in oil and gas, railway, nuclear, energy and other sectors, are to be privatized in 2016-2020.
The privatization program was initiated by Kazakh President Nursultan Nazarbayev.
Within the privatization plan, Kazakhstan will transfer such large state-owned companies as Kazakhstan Railways, KazMunaiGas, Kazatomprom, Samruk-Energy, Tau-Ken Samruk, Kazpost, Air Astana, Kazgeology, Kazmortransflot National Maritime Shipping Company, Atyrau Refinery, Pavlodar Petrochemical Plant and PetroKazakhstan Oil Products to a competitive environment.