This paper argues Kazakhstan's National Oil and Gas Company "Kazmunaigaz" is more likely to become a model for other postĀ­Soviet National Oil Companies than any other company, largely due to its development strategy being both more forward looking and better articulated than that of its counterparts. The stated intent of both the Kazakh government and of KMG is that the company will devolve into a largely publicly held corporation, with the government ensuring the protection of its interests through the voting of its shares by a larger holding company.

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Carnegie Endowment for International Peace