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KMG International wants higher dividends from RO oil services subsidiary

KMG International, a subsidiary of Kazakhstan’s state oil company KazMunayGas, has asked its Romanian oil services subsidiary Rompetrol Well Services (PTR) to also distribute some of its reserves as dividends.   KMG International, which holds 73% of Rompetrol Well Services, wants the company to distribute RON 29.2 mln (EUR 5.95 mln) from its reserves to shareholders. This would result in a dividend ...

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