Tag: KMG

CEFC to take over stake in KMG International by end-June – Romania, 31 January 2017

Alexey Golovin, Senior Deputy President of KMG International said that China Energy Company Limited (CEFC) will be able to complete the acquisition of 51 % stake in KMG International (former Rompetrol Group) until the end of June this year. Golovin explained that Kazakh state-owned energy company KazMunayGas will keep 49 % stake in the company, […]

KMG International announces major investments in Romania – Romania, 16 December 2016

KMG International, the company which is wholly owned by the Kazakh state-owned KazMunayGas and operates the largest Romanian oil refinery Petromidia and the second largest fuel network in the country, announced big investment projects after the acquisition of its 51 % stake by China Energy Company Limited (CEFC). CEO of KMG International Zhanat Tussupbekov said […]

CEFC to take over 51 % in KMG International – Romania, 15 December 2016

Kazakh state-owned company KazMunayGas announced that negotiations with China Energy Company Limited (CEFC) regarding the acquisition of 51 % stake in its subsidiary KMG International have reached final stage. The official press release from the company said that an agreement between KMG and CEFC stating the strong commitment to pursue this transaction is about to […]