Kazakh oil pipeline firm may raise $199mn in "People's IPO"

The IPO is set to be held by the end of this year, Kuandyk Bishimbayev, deputy head of the sovereign wealth fund, Samruk-Kazyna, told Reuters.

The state, represented by Samruk-Kazyna, owns a 100 percent stake in KazTransOil through its parent company, national oil and gas firm KazMunaiGas.