CGLO Chagala Group Limited

TIDMCGLO

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 06, 2017 02:00 ET (07:00 GMT)

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