Kazakhstan is speeding up the sale of its assets in Ukraine as growing “political risks” threaten outside investors, sovereign wealth fund Samruk-Kazyna said. “Given the current political and economic situation in Ukraine, the interests of non-residents will be considered last,” Samruk-Kazyna Deputy Chief executive Officer Yelena Bakhmutova said on the fund’s website.
The fund plans to sell its shares in Kherson Oil Refinery, Ukrnefteproduct and Kazakhoil-Ukraina, she said. In 2000, Kazakhoil, a state-owned oil company that was later merged into KazMunaiGaz National Co., won a tender to purchase 60 percent of the refinery for about $6.4 million. The plant has been shut since 2005. Samruk-Kazyna is the parent company of KazMunaiGaz............................................Full Article: Source
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