KazMunaiGas pulled $1 Billion from BTA Bank on `Limited' Access Concerns

04.11.2010
    By Nariman Gizitdinov     KazMunaiGaz National Co., a Kazakh state-owned oil and gas producer, withdrew $1 billion from BTA Bank in September on concerns that access to its deposit was “limited,” and used the money to redeem bonds and make loans.     Although KazMunaiGaz bank deposits “were not at any time legally frozen, the...