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Caspian

Kazmunaigas Boosts Kashagan Stake Ahead of IPO

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Kazakhstan’s national oil and gas champion Kazmunaigas (KMG) has exercised its option to buy back an 8.33% stake in the giant Kashagan oil development from its parent, sovereign wealth fund Samruk-Kazyna, doubling its interest in the project to 16.88%.

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Company/Financials, Corporate Strategy
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