KazMunaiGas May borrow $14 Billion to invest, Not IPO

    KazMunaiGas National Co., a Kazakh state-owned energy company, may borrow $14 billion to fund developments through 2014 and probably won’t sell stock in an initial public offering.     The company may borrow 70 percent of its $20 billion investment program for 2010 to 2014, Chief Executive Officer Kairgeldy Kabyldin said today in...