/KASE, April 13, 11/ - National Company KazMunayGaz (Astana), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press-release of April 13, 2011:
quote
NC KazMunayGaz (hereinafter - NC KMG) has held a meeting with chiefs of Kazakh
enterprises regarding increase of Kazakhstan-made components in manufacturing of
instrumentation, control and automation (ICA) items.
The meeting was attended by specialists from NC KMG's subsidiaries, chiefs of
Kazakh enterprises manufacturing ICA, including NC Kazakhstan Engineering,
Tynys, NII Gidropribor, Kirov Plant, Schneider Electric, West-Kazakhstan
Machinery Company, TREI-Karaganda, SAP Technology etc.
Bolat Palymbetov, Deputy Chairman, managing director of NC KMG, informed those
participating of KMG's efforts in increasing the local share and stressed the
need to boost production of ICA in Kazakhstan to keep up with the worldwide
standards.
During the meeting specialists of the KMG group presented data regarding the
need for ICA both in the short and long runs, along with technical
specifications. It was also mentioned that following the start of major
investment projects in Kazakhstan's oil and gas industry, there was ever
increasing demand for advanced ICA; that being a reason for local manufacturers
to consider making competitive products.
unquote
The full version of this press-release is available on the KASE website, at
http://www.kase.kz/files/emitters/KMGZ/kmgz_reliz_130411.pdf
[2011-04-13]