Ministry of Energy denies plans to nationalize oilfield service companies

KazMunayGaz, the national oil and gas company in Kazakhstan won’t acquire oilfield service companies, according to the country's Ministry of Energy.

As the ministry informed, some local media sources reported collective appeals to the government by workers of service companies such as Burgylau, West Oil Software, Caspian Food and Buzachi Trans Kurylys as they want the government to nationalize their companies.

However, the Ministry of Energy said that there is no plan to nationalize any service company. Moreover, the government wants to sell a range of state-owned and quasi-state companies. According to the privatization plan, Samruk Kazyna, the state-owned holding which controls dozens of other businesses run by the government, is going to sell 40 entities over 2021-2025.

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