* The company is interested in the oil and gas of the Caspian Sea and is looking to set up partnerships with local operators in the business
* Doru Mihai Dediu, the former managing director of Petrom Kazakhstan, appointed as CEO
Grup Servicii Petroliere (GSP), a company controlled by one of the Romanian oil tycoons, Gabriel Valentin Comănescu, has expanded its business to Kazakhstan.
According to the Romanian Official Gazette, on January 10, 2011, the shareholders of GSP have decided to set-up in Alma-Ata, the most important economic and trade center of Kazakhstan, the company "GSP Kazakhstan".
Doru Mihai Dediu former managing director of Petrom"s operations in Kazakhstan, was appointed as managing director of GSP Kazakhstan.
GSP Kazakhstan will have a share capital of 800,000 tenge (the domestic currency), and all the formalities pertaining to the registration of the company will be handled by law Kazakh law firm "Grata".
"GSP is interested in the opportunities provided by the oil and gas industry of the Caspian Sea and has decided to open a representative office in Kazakhstan", said Radu Petrescu, the Communications Director of GSP.
The company"s official said that GSP Kazakhstan is looking to set up partnerships with Kazakh companies operating in the same line of business: "The Caspian Sea has rich oil and natural gas resources and GSP thinks that now is a good time to set up potential partnerships with local companies operating in the industry. The office was opened in the beginning of January and is currently being developed".
One of the largest players in the oil sector of Kazakhstan is the state owned company KazMunayGaz (KMG), which acquired 75% of the shares of the Rompetrol group from Dinu Patriciu in 2007, in a deal valued at 1.6 billion dollars.
Another "heavy-weight" in the Kazakh oil-industry prese
