The New Head of KazMunayGas
On November 20, 2018, the management of the national oil and gas company was changed. Alik Aidarbayev was appointed Chairman of the Board of NC KazMunayGas JSC.
He was born on may 19, 1963 in Alexandrovka village of Almaty region. In 1985 he graduated from the Kazakh Polytechnic Institute named after V. I. Lenin, with a degree in "Technology and complex mechanization of oil and gas fields development".
He began his career in 1985, at various times worked as Process Control Operator at OGPD Zhetybaineft, Deputy Workshop Supervisor at OGPD Zhetybaineft of Mangyshlakneft Association, Head of site, Head of Department of oil and gas production, Deputy General Director, First Vice-President of Yuzhkazneftegaz SJSC, General Director of Turgai-Petroleum JSC, General Director of Mangistaumunaygas JSC, Managing Director of NC KazMunayGas JSC for exploration and production, General Director of KazMunaiGas Exploration Production JSC, Governor of Mangistau region, First Vice Minister for Investment and Development of Kazakhstan.
Since January of 2018, he has served as Deputy Chairman of the Management Board of Samruk-Kazyna National Welfare Fund.
Sauat Mynbayev, who previously held the position of Chairman of the Board of KMG, was appointed Chairman of the Board of NC Kazakhstan Temir Zholy JSC.
Personnel changes in the national company did not come as a surprise to experts familiar with the state of affairs in the industry. Rumors about the resignation of Mynbayev from the post of head of KMG circulated with varying degrees of intensity throughout the last year. In November 2017, the International Consortium of Investigative Journalists and the Organized Crime and Corruption Reporting Project (OCCRP) published a whole array of documents, called the Paradise Papers, containing more than 13 million registration documents of offshore companies, the beneficiaries of which, according to investors, are politicians and government officials from around the world.
Chairman of the Board of KazMunayGas, Sauat Mynbayev, in the Paradise Papers was attributed control, together with business partners, over the offshore company Meridian Capital. Mynbayev and a group of influential bankers, the report said, created a billion-dollar business empire operating in the US, Europe, Asia, Africa and even Australia. It owned, among other things, a railway company serving the largest enterprises of the oil and gas sector of Kazakhstan, the report said.
Mynbayev, who had never been very active in the media, even had to comment on the accusations. "I came to the oil and gas industry in August of 2007, becoming the Minister of Energy and Mineral Resources, in 2010, I was appointed the Minister of Oil and Gas. I was released from this position in August of 2013, – it was told in his official statement for the media. – During this period, these ministries have not concluded any contracts or agreements with Meridian Capital or its subsidiaries, including in the field of subsoil use in the Republic of Kazakhstan. In August of 2013, I was appointed Chairman of the Board of KazMunayGas JSC. Not a single deal, not a single contract from then and until the present time KMG has with Meridian Capital and its subsidiaries".