SamrukKazyna Chairman K.Kelimbetov reported on H1 2009 results

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ASTANA.  August 18. KAZINFORM /Muratbek Makulbekov/ Chairman of SamrukKazyna National Welfare Fund Kairat Kelimbetov delivered a report on the Fund's activity in the first half of 2009 at the Government's sitting today.

"The Fund could mobilize whole production potential of the national companies", he noted.

According to him, KazMunaiGaz NC JSC is the owner of two oil refineries and a co-owner of Pavlodar Oil Processing Plant to date where the company's share makes 58%. Besides, KazMunaiGaz is the co-owner of MangistauMunaiGaz JSC and Kazakhstan Pipeline Ventures company which is also a shareholder of Caspian Pipeline Consortium.

As K. Kelimbetov noted, Kazakhstan Temir Zholy NC works quite successfully. In July 2009 the company experienced growth in volumes of cargo transportation and this tendency is kept on.

Production capacity of Kazakhtelecom JSC has been expanded by 9% in the first half of 2009. The number of subscribers of mobile network of Kazakhtelecom's subsidiary companies rose twofold in this period and reached 1.8 mln clients.

K. Kelimbetov also reported on completion of construction of 21 housing complexes with 4 538 flats in Almaty and Astana cities. 3 831 housing investors got their flats. Around 31 thousand borrowers started to pay 30% less to the banks due to credits refinancing program. State Commission on Modernization of Economy has approved 128 projects with 35 thousand flats for financing. 21.6 thousand housing investors will receive new flats.

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