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KazMunayGas has a new head

23 december 2011, 10:51
0
Lyazzat Kiinov. Photo courtesy of vesti.kz
Lyazzat Kiinov. Photo courtesy of vesti.kz
Vice Minister of Oil and Gas Lyazzat Kiinov has been appointed to head KazMunayGas National Oil and Gas Company, Tengrinews.kz reports, citing the official website of Samruk-Kazyna Sovereign Wealth Fund that incorporates KazMunayGas among other companies.

Mr. Kiinov was appointed to the post upon coordination of his candidacy with the country’s PM Karim Massimov. Mr. Kiinov has replaced Bolat Akchulakov who was appointed head of the Company only a few months ago.

Lyazzat Kiinov had already headed the Company back in 2002 which was a closed joint stock company at the time.

KazMunayGas 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.

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