We will maintain balance between ensuring national security and providing favorable conditions for investments - S.Mynbayev

"What preferences do the national companies have? It is opportunity to purchase mining rights without competition on the basis of direct negotiations. We determined that at least 50 percent of share in the sector of the Caspian shelf must belong to the domestic companies. In implementing mining rights to third parties by oil companies the state has a preferential right to purchase on terms no worse than the proposed by buyers. The state may exercise this right through national companies as well", the Minister noted.

"KazMunayGas share in oil mining makes up 28 percent. We understand that leading world companies bring investments and new technologies to the country. We intend to continue to maintain a balance between ensuring national security and creation of favorable conditions for investments attraction represented by international oil corporations", S.Mynbayev said.