KazMunayGas and Romania initiate an energy investment fund
Kazakhstan based KazMunayGas International, owner of Romania’s largest oil refinery Petromidia, and Romanian state-owned S.A.P.E., which manages country’s stakes in energy related companies, signed an agreement to launch the Kazakh-Romanian Energy Investment Fund. This step came after a Memorandum of Understanding for establishment, organisation and operation of the Fund was signed in February 2013. The Fund is estimated to facilitate over $1 billion worth of investments duri
