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In Kazakhstan, Saving the State Oil Company May Devastate the Sector

Aug 2, 2016 | 09:15 GMT
In Kazakhstan, Saving the State Oil Company May Devastate the Sector
Workers service an oil well in 2002 north of Kyzylorda, Kazakhstan. The minority shareholders of KMG EP will vote Aug. 3 on whether to sell their shares to the firm's parent company, KazMunaiGas.
(OLEG NIKISHIN/Getty Images)

The minority shareholders of Kazakhstan's lucrative energy firm, KazMunaiGas Exploration and Production (KMG EP), will vote Aug. 3 on whether or not to sell their shares to the firm's parent company, effectively consolidating the two. The parent company, KazMunaiGas (KMG), is fully owned by the state and is involved in...

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