At 4 p.m. local time on December 15th, huaxin China and kazakhstan national petroleum company (KMG) held in Bucharest, Romania, oil international (KMGI) equity transfer handover ceremony.According to the equity transfer agreement signed, China huaxin owns 51%, the international oil company, kazakhstan's state oil company has another 49% of its shares.Watson, chairman of the board of China leaves the concise and kazakhstan ambassador to Romania, batra, ambassador, the Chinese embassy in Romania economic and commercial counsellor GuanGang attended the signing ceremony and see a sign, huaxin, executive director of the China ZangJianJun executive vice President and the oil, oil, chairman of the board of the international berea nazarbayev signed on behalf of both parties.
Take effect immediately after the equity transfer agreement signed, the process is expected to be completed in the first half of 2017.On December 14, 2015, leaders in China and kazakhstan's prime minister, Mr Massimov, under the witness of the two sides signed a strategic cooperation agreement in Beijing's great hall of the people, to determine the equity transfer structure.On April 29, 2016, the two sides signed deals on equity transfer in astana file.
KMGI registered in Amsterdam, formerly known as Romania's state oil company (TheRompetrolGroup), was founded in 1974, completed in 1993 privatisation.KMG completed in 2007-2007 the national oil company acquired a 100% stake in Romania.In 2014, officially changed its name to KMGInternationalN. V.KMG is kazakhstan's oil and gas exploration, mining, processing and transport of major carriers, on behalf of the state interests in the field of oil and gas.Relying on KMG upstream oil and gas resources, the present KMGI oil processing, mainly engaged in the international market sales and trading business, European retail network of more than 1100 gas station, located in France, Spain, Romania and moldova, Georgia, Bulgaria and other countries, has two advanced equipment of oil refinery, but also work in the oil and gas exploration, provide industrial services in the field of EPC and drilling services, staff 7000 people.
Leaf concise in the signing ceremony, said KMGI deep ploughing in the field of oil and gas industry for many years, has a mature industrial operation management experience and advanced technology and equipment, the team in the consultation in nearly two years of negotiations, gradually formed the unified company development strategic target.After China huaxin holding KMGI, will rely on KMGI as a platform, oil and gas industry m&a integration of upstream of huaxin KMG and China resources and financial advantages, expand in central and eastern Europe, the black sea, the Mediterranean circumjacent area of oil and gas retail terminal, build a comprehensive energy company with international competitiveness.
Huaxin in China in recent years in the Czech republic, Georgia, the united Arab emirates and other countries along the "area" the continuous investment layout, with harmony development, has now become the most affected areas in central and eastern Europe and the largest Chinese enterprise investment.China huaxin and the oil stock transfer successful handover, huaxin global energy industry layout in China bring irreplaceable value, to further consolidate its model with harmony and sustainable development.Its significance of Eurasian energy industry cooperation pattern also to be reckoned with.