Kazakhstan’s Agency for the Protection and Development of Competition has proposed selling up to a 50% stake in KMG International N.V. (a subsidiary of Kazakhstan’s national oil and gas company KazMunayGas, or KMG) through an open, two-stage bidding process in 2026-2027. The company is included on the national list of assets slated for privatization.
KMG in Europe
The goal of the sale is to bring in a strategic partner to support joint business development.
According to the agency, the KMG group has 28 operating companies across Romania, Switzerland, Bulgaria, Georgia, Moldova, Turkey, and Kazakhstan (excluding its 49% stake in...