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You're reading: Kazakh leader changes wealth fund head after riots
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Last Thursday, Nazarbayev promised to sack Timur Kulibayev, one of the oil-rich nation’s most influential and wealthiest people, after fierce riots in the country’s west killed at least 16 people and wounded more than 100 on Dec. 16-17.

State oil and gas company KazMunaiGas – one of the key assets of Samruk-Kazyna – and its London-listed subsidiary KazMunaiGas Exploration Production were at the epicentre of the deadly clashes in the Mangistau region.

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