The Romanian-Kazakh Investment Fund for Energy was set up

On October 26, 2018, KazMunayGas International (KMGI) and the Energy Participation Management Company (SAPE), owned by the Romanian Ministry of Energy signed the association agreement establishing the Romanian-Kazakh Energy Investment Fund.

The establishment of the investment fund is stipulated in the Memorandum of Understanding between the Romanian State and KMGI (former Rompetrol Group).

The Romanian-Kazakh Fund envisages an investment level of about $ 1 billion over a seven-year period.

The shareholder structure of the investment fund that will carry out projects in the field of energy is: KMGI - 80% and the Romanian state - 20%.

Frimu Ghinea