Gazprom to acquire Kyrgyzneftegaz assets

Officials of state-owned Gazprom and the government of Kyrgyzstan have signed what they describe as a “roadmap” for the Russian company’s acquisition of the assets of Kyrgyzneftegaz.

Mar 29th, 2019

Officials of state-owned Gazprom and the government of Kyrgyzstan have signed what they describe as a “roadmap” for the Russian company’s acquisition of the assets of Kyrgyzneftegaz.

Gazprom already is active in the Kyrgyz Republic, which has negligible oil and gas production.

A wholly owned subsidiary, Gazprom Kyrgyzstan, is the country’s only gas importer. It owns the Kyrgyz gas transmission and distribution systems.

Gazprom holds two exploration licenses in Kyrgyzstan for areas designated Kugart and Eastern Mailu-Suu IV.

Kyrgyz Petroleum Co., a wholly owned subsidiary of Kyrgyzneftegaz, operates a 10,000 b/d refinery at Jalal-Abad and conducts oil and gas exploration and development.

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