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Governmet of RK provided State securities to "Kazakhoil" company for the amount of 24.8 billion Japanese Yens

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12:45 28.12.2001
text: "Kazakhstan Today"
views: [156]

The Government of Kazakhstan decided to provide National Oil & Gas Company "Kazakhoil" with the State securities in order to attract

non-State external loan. Kz-today were advised that provision of National Oil & Gas Company "Kazakhoil" with the State securities was brought forth by special Enactment of the Government. As per this Enactment the Ministry of Finance of RK is obliged to provide the borrower in the order established by the legislation of RK with the State securities as a guarantee of execution of obligations taken by National Oil & Gas Company "Kazakhoil" on the non-State loan in the amount of 24.8 billion Japanese Yens as well as interest and other due payments.

The State securities are provided within the limit established by the Law "On State budget for 2001".