KazMunaiGas planning a global IPO

Kazakhstan plans to have KazMunaiGas running a global IPO within the following 1-2 years, Newskaz.ru reports, citing Kairat Kelimbetov, the country’s Central Bank Governor, as saying at a press-conference November 15.KazMunayGas is the state-owned oil and gas company of Kazakhstan. Its subsidiaries include KazMunaiGas Exploration Production (AO), Tengizchevroil (20%), KazTransOil, KazTransGas, KazMunayGas Trade House, Kazmortransflot, KazMunayTeniz and some other companies.