Kazakhstan approves list of state companies offered for privatization

ASTANA (TCA) — The government of Kazakhstan has approved a list of state companies to be offered for privatization, Novosti-Kazakhstan news agency reported with reference to the country’s Ministry of National Economy.

The Government’s decree has approved the privatization plan for the period 2016-2020.

The plan approves a list of priority large state-owned companies and organizations subject to privatization. The list includes pharmaceutical company SK-Pharmacy, national space company Kazakhstan Garysh Sapary, state motor road enterprise Kazakhavtodor, the Khorgos international center of cross-border cooperation, the airport of Astana, the Almaty sanatorium, the Kazakh national film studio, the airports of Kostanai and Petropavlovsk, the Korkyt Ata airport in Kyzylorda, the Duman entertainment center in Astana, and others.      

The list for priority privatization also includes national railways company Kazakhstan Temir Zholy (through IPO), national oil and gas company KazMunayGas (IPO), national atomic company Kazatomprom (IPO), national post service company Kazpost (IPO), airlines companies Air Astana (IPO) and Qazaq Air, national telecommunications operator Kazakhtelecom, the airports of Aktobe, Atyrau and Pavlodar, the Aktau international seaport, and national agricultural holding KazAgro.  

The list also includes companies affiliated with the National Wealth Fund Samruk-Kazyna, such as Samruk-Energy JSC, Kazakhstan Electricity Grid Operating Company (KEGOC), and national company Kazakhstan Engineering.

Kazakhstan has seen decreasing state-budget and export revenues amid falling international oil and commodity prices.

Sergey Kwan