KazMunayGas O&G Company ex head Kairgeldy Kabyldin appointed head of KazTransOil

KazMunayGas O&G Company ex head Kairgeldy Kabyldin has been appointed head of KazTransOil [KMG subsidiary], replacing Nurbol Sultan. The latter has been appointed head of KazTransGas, another KMG subsidiary, Press Service of Samruk-Kazyna Sovereign Wealth Fund reported October 11. Reshuffle at KazMunayGas happened October 5. The Company is now headed by Bolat Akchulakov, ex Samruk-Kazyna Managing Director. KazMunaiGas National Company is the owner of 44 oil and gas onshore fields in Mangistau and Atyrau regions. The production divisions of the company have been in operation for more than 90 years. The Company accounts for 65% of overall oil transportation, 100% of gas transportation, 50% of tanker transportation in Kazakhstan. 100 per cent of the Company’s shares belong to the National Sovereign Wealth Fund Samruk-Kazyna.