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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Kazakhstan to issue licenses to investors to develop 20 new fields

Posted on 08 February 2013

The Kazakhstan Sovereign Wealth Fund, Samruk-Kazyna, is preparing a list of fields where licenses for development will be issued to potential investors after lifting a moratorium on the development of hydrocarbon fields, told chairman of the Kazakhstan Sovereign Wealth Fund Samruk-Kazyna, Umirzak Shukeyev, told a meeting of the Fund Board with the participation of Prime Minister Serik Akhmetov.
He said about 20 fields will be included in this list. “We are preparing a list of fields, probably 20 of which are planned to be given over for development,” Shukeyev said. According to Shukeyev, in parallel, proposals are being prepared to simplify procedures for issuing, as investors’ interest in fields remain for six or seven months and then becomes weak………………………………………..Full Article: Source


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