APRIL 11 2011 (The Conway Bulletin) – Kazakh PM Karim Massimov moved the head of the state’s investment fund Samruk-Kazyna, Kairat Kelimbetov to be minister for economic development. President Nursultan Nazarbayev’s son-in-law, Timur Kulibayev is currently deputy head of the Samruk-Kazyna, which controls vast swathes of the country’s economy. He could be promoted.
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(News report from Issue No. 35, published on April 11 2011)
OCT. 21 2010 (The Conway Bulletin) — Kazakhstan is still considering selling 20% of state oil company Kazmunaigas in an IPO next year, said Kairat Kelimbetov, head of Kazakh state conglomerate Samruk-Kazyna. Earlier this month he had ruled out an IPO and instead said Kazmunaigas would borrow up to $14b for its $20b investment programme.
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(News report from Issue No. 12, published on Oct. 21 2010)
SEPT. 27 2010 (The Conway Bulletin) — Azerbaijan will start investing part of its $20b oil fund in equities for the first time to boost returns, the fund’s chief investment officer Israfil Mammadov told Bloomberg. He declined to say what proportion of the State Oil Fund of Azerbaijan (SOFAZ) would be invested in equities.
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(News report from Issue No. 9, published on Sept. 30 2010)