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November 28, 2015 1:07 AM ET

Oil, Gas and Consumable Fuels

Company Overview of KazTransGas-Tbilisi

Company Overview

KazTransGas-Tbilisi engages in distribution of gas. The company was founded in 2008 and is based in Tbilisi, Georgia. KazTransGas-Tbilisi operates as a subsidiary of KazTransGaz CJSC.



Founded in 2008

Key Executives for KazTransGas-Tbilisi

KazTransGas-Tbilisi does not have any Key Executives recorded.

KazTransGas-Tbilisi Key Developments

Kazakh Government Is Reportedly Going To Sell Kaztransgas-Tbilisi

Referring to Kazakh media, the newspaper reports that stake of 100% of KazTransGas-Tbilisi will be sold in 2015. Kazakh government is going to sell KazTransGas-Tbilisi, owned by the Kazakh state company, within its broad plan of privatization. Until its sale, "Tbilgaz" was unprofitable company, losses in its network exceeded 50%, while now the company is profitable, but "existing debt of $43 million and claims of current investor toward Georgian authority, blaming the latter in oppression, will be definitely negative factors in buyer's eye", the newspaper says. As interested buyer, the newspaper names State Oil Company of the Azerbaijan Republic.

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