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Russia-Ukraine Conflict Mars Kazmunaigas IPO

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ss1308282166-KazMunay Gas-National Kazakhstan oil and gas company-Astana

The steady rise in oil prices has left Kazakhstan’s national energy champion Kazmunaigas (KMG) in rude financial health, as it gears up to sell a chunk of its shares in a long-awaited initial public offering (IPO). In normal times, punters would be queueing up for a slice of the action. But concern over the impact of the Russia-Ukraine war on Kazakh oil exports has diminished their appetite.

Topics:
Ukraine Crisis, Corporate Strategy , Company/Financials
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