30 November 2007
President Nursultan Nazarbayev Receives President of the NC KazMunayGas open JSC Uzakbay Karabalin

Uzakbay Karabalin reported to President Nursultan Nazarbayev on the results of the work done by the company over the ten months of this year and on expected financial economic figures in 2007.

The top manager of the company informed the Head of State on new assets of the NC KazMunayGaz open JSC including a 75% stake in the Romanian Rompetrol Group TRG. (The purchase of Rompetrol Group TRG allowed the Kazakhstani company to become the owner of 630 petrol stations in 6 European countries and of two refinery plants situated in Romania).

During the conversation, the President and his guest discussed issues of developing the transportation system delivering Kazakhstani carbohydrates to world markets and ways of developing the national company including new projects in Kazakhstan and abroad.

The agenda was also on the company’s activities on the Caspian shelf, the most promising in the oil sector of modern Kazakhstan.

“The good news I reported today to the President is that a new oil field has been discovered in the Zhemchuzhniy sector. This demonstrates the huge potential of Kazakhstan’s part on the Caspian Sea. We think, this will give a new impulse to the development of naval projects and will attract new investments,” Uzakbay Karabalin said at a press briefing.

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