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Chagala Group Ltd (CGLO)

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Wednesday 06 December, 2017

Chagala Group Ltd

Lease agreement with Tengizchevroil LLP

RNS Number : 5235Y
Chagala Group Limited
06 December 2017

Chagala Group Limited

6 December 2017


Lease agreement with Tengizchevroil LLP  ("TCO") for  townhouse residential complex Saraishyk


Atyrau - Chagala Group Ltd., (Chagala), is pleased to announce that one of the companies it invests in Kazakhstan, Caspi Limited LLP, has concluded a lease agreement with Tengizchevroil LLP  ("TCO") for its townhouse residential complex Saraishyk for 1 year. TCO participants today include Chevron (50 percent interest) ,  ExxonMobil (25 percent), KazMunayGas (20 percent) and LukArco (5 percent).


Francisco Parrilla, CEO of the Chagala Group, said: "We are delighted to see TCO becoming part of our partners with our most special product".

For more information: 


Francisco Parrilla, Chief Executive 


Chagala Group Limited

+ 7 (727) 355 04 84



Chagala Group


Chagala invests in service companies focused on providing long and short term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan's largest hydrocarbon discoveries.  With investments in hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices, Chagala is well positioned to capitalize on the oil and gas contribution being made in Kazakhstan.


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