The company Phystech II, formerly owned by Kairat Boranbayev, was transferred to the ownership of JSC NC "KazMunayGas" on 29 May 2026.
WHAT IS KNOWN ABOUT THE CHANGE OF OWNERSHIP
According to PetroCouncil.kz, on 29 May 2026, the company Phystech II was transferred to the ownership of KazMunayGas. The asset was previously owned by Kairat Boranbayev.
The company holds the right to extract oil from the Northern Karazhanbas field, located in the Mangystau Region.
HOW THE ASSET CAME INTO STATE OWNERSHIP
In October 2023, the company Phystech II was transferred to state ownership for 35 billion tenge. Afterwards, the asset was managed by JSC "Samruk-Kazyna".
It is noted that later, the option of transferring the company to a private investor was considered. However, in the end, the asset became part of the structure of KazMunayGas.
CONTEXT
To recall, in March 2023, businessman Kairat Boranbayev, his partner Roman Nakhanov, and the former Deputy Chairman of the Board of QazaqGaz, Taiyr Zhanuzak, were sentenced to 8 years in prison for the theft of funds on an especially large scale in the quasi-state sector.
Later, it was reported that Boranbayev voluntarily returned assets worth over 90 billion tenge to state ownership and transferred 30 billion tenge to the Education Infrastructure Support Fund.
In November 2023, Boranbayev was released from the penal colony. In May 2024, Deputy Chairman of the AFM Zhenis Yelemesov told journalists that, overall, Boranbayev had returned 134.5 billion tenge to the state.