MMGZ – Mangistaumunaygaz AO
1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
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Mangistaumunaygaz AO (MMG AO) is a Kazakhstan-based company, which is active within the oil and gas industry. The Company and its subsidiaries are engaged in the exploration, extraction, transportation and process of oil and gas. Mangistaumunaygaz AO operates oil and gas deposits located on the territory of Western Kazakhstan. The Company develops 15 oil gas fields with total initial reserves of 969 million tons (6,783 million barrels). As of April 1, 2012, the Company’s major shareholder was Mangistau Investments B.V. with a stake of 99%.
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