KazMunaiGas to purchase Controlling Stake in MangistauMunaiGas

    The Kazakh National Oil and Gas Company KazMunaiGas (KMG) is purchasing a 51% stake in MangistauMunaiGas (MMG), an oil producing company, and planning to finalize the deal this year.      KMG former president Uzakbai Karabalin has been appointed head of MangistauMunaiGas. “We have signed an agreement with MangistauMunaiGas shareholder for KazMunaiGas to...