Askhat Khassenov, CEO of Kazakhstan’s KazMunayGas (KMG), told reporters last week that Russia’s Lukoil, which is subject to Western sanctions, remains a strategic partner of the national oil and gas company.
He said KMG is working to resolve financing issues affecting Kalamkas-Khazar Operating (KKO), a joint venture whose bank accounts have been closed because of sanctions-related restrictions.
«Lukoil is our strategic partner. There are currently restrictions, as you know, on our ability to secure financing, but we are working to resolve these issues,» Khassenov said.
The KMG chief added...