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...