National Company KazMunayGas (Kazakhstan) announces changes in Rompetrol Group management

22.05.12 17:15
/KASE, May 22, 12/ - JSC "National Company "KazMunayGas" (Astana), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of May 22, 2012: quote From May 21, 2012 following a decision of the Company's sole shareholder Zhanat Tusupbekov was appointed the General Director of Rompetrol Group; until recently he occupied the position of General Director of joint-stock company "KazMunayGas - Processing and Marketing", a subsidiary of the "National Company "KazMunayGas". Rompetrol Group has been part of National Company KazMunayGas since 2007. Saduakas Meraliev, who formerly occupied the position of General Director, will continue his work at Rompetrol as a member of the Board of Directors. "This change is a natural continuation of the final and the most important stage in the development of Rompetrol Group, whereas the program of modernization and increasing of Petromidia refinery's capacities to 5 m tons of raw material was implemented and brought to an end; the process of consolidation and operation optimization was completed; also Rompetrol was integrated into National Company KazMunayGas group. Therefore all necessary prerequisites were created for continuing the extension of National Company KazMunayGas operations in the Black Sea region, as well as in Western Europe, - said Lyazzat Kiinov at the meeting of the company management. unquote The full press release is available on KASE website, at: - http://www.kase.kz/files/emitters/KMGZ/kmgz_reliz_220512_k.pdf - in Kazakh; - http://www.kase.kz/files/emitters/KMGZ/kmgz_reliz_220512.pdf - in Russian. [2012-05-22]