Turkey’s state oil and gas producer plans an initial public offering in 2017 as it expects current exploration in Iraq and Afghanistan to lift its value by then, Bloomberg reported on February 20.
KazMunayGas (KMG) believes it would be too early to speak about the company’s IPO. It will take place after 2015, said the company.
Russian oil company Bashneft has started preparing for an initial public offering to be held by 2015 and has to boost output and solve problems linked with the Trebs and Titov deposits and ownership structure issues, Vedomosti business daily reported on November 19, citi
Bashneft is studying the possibility of an initial public offering, news agencies are reporting. The details of the placement are not being discussed.