Kazakhstan - 02

Kazakhstan: KMG’s Partial Sale of Kashagan Stake Underscores Astana’s Long-Term Optimism

Last week KMG announced its plans to sell half of its 16.81% stake in the Kashagan project to the SK Fund and use the proceeds to reduce its debt. The company plans to gain $4.7bn through the sale and will be able to write off $2.2bn in its corporate debt, as the current debt relating to the project will no longer be included in this calculation. As Horizon has previously covered…

To continue reading, please submit your contact details along with a short message below indicating what you'd like to learn more about and we'll get back to you.