Georgia's Energy Minister denies Talks with KazMunaiGas
Georgian Energy Minister Aleko Khetaguri refused to confirm reports on negotiations with KazMunaiGas over “Tbilisi's gas distribution network -- Kaztransgaz - Tbilisi," which is owned by Kazakhstani investors.
No negotiating are being conducted with Kazakhstani investors, the minister told journalists. The company is still managed by an interim administration appointed by the Energy Commission.
The reason for this the company has debt amounting to $80 million. CEO of KazMunaiGas Kairgeldy Kabyldin told Trend Capital that KazMunaiGas would not withdraw from Georgia and sell Tbilgaz.
"We are holding talks on the economic condition of our business in Georgia" Kabyldin said, according to Trend Capital.