Zhaikmunai LP company with the headquarters based in Amsterdam, which was registered in the Men Island and extracts oil and gas on the northwest of Kazakhstan, has changed into name into Nostrum Oil & Gas LP, the company reported.
Nostrum Oil & Gas’s main industrial asset is the Chinarev field located in Kazakhstan on the north of the oil-bearing Caspian basin. The company also possesses such assets as Rostoshinskoye, Darinskoye and South-Gremyachinskoye fields, which are located close to the Chinarev field and the gas refining plant.
The company reported that change of its name reflects development of Nostrum Oil and Gas as the operator of various industrial assets. The main industrial daughter of the company in Kazakhstan will continue working under the current name Zhaikmunai.
Head of Board of Directors of the company, global depositary receipts of which are traded at the London Stock Exchange, Belgian entrepreneur Frank Monstrie holds 40.5% shares and the Kazakhstan engineering-construction company KazStroiService – 27% shares, reported http://oilru.com.--0---
Economics
-
The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
-
The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
-
The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
-
The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
Leave a review