SOURCE: Zhaikmunai LP

September 06, 2013 08:43 ET

Zhaikmunai LLP Appoints New General Director

AMSTERDAM, THE NETHERLANDS--(Marketwired - Sep 6, 2013) -


Zhaikmunai L.P. (LSE: ZKM)("Zhaikmunai"), the oil and gas exploration and
production enterprise with assets in north-western Kazakhstan, is pleased
to announce the appointment of Mr. Heinz Wendel as General Director of its
principal operating subsidiary in Kazakhstan, Zhaikmunai LLP.

Appointment of a New General Director of Zhaikmunai LLP

Mr. Heinz Wendel has succeeded Mr. Vyacheslav Druzhinin as General
Director of Zhaikmunai LLP with effect from 13 August 2013.

Mr. Wendel is an experienced oil and gas professional with extensive
management and technical experience who joined Zhaikmunai as Chief
Operating Officer (COO) in early 2012 with a proven track record of
over 30 years. Mr. Wendel is assuming his new role following a planned
handover from former General Director Vyacheslav Druzhinin, who held
such position since March 1997. Mr. Druzhinin has since been appointed
as Director of Governmental Affairs for Zhaikmunai LLP.

Prior to joining Zhaikmunai, Mr. Wendel completed his studies in
Azerbaijan (Oil & Gas Institute, Baku) and served in various managerial
and technical capacities in Germany, Poland, Russia and Kazakhstan. Mr.
Wendel is fluent in German, Russian and English.

Kai-Uwe Kessel, Chief Executive Officer (CEO) of the Zhaikmunai Group,
said:"As COO of Zhaikmunai LLP, Mr. Wendel has proven himself a skilled oil
industry professional with a particularly good understanding of the
local Kazakhstan working environment. We are now delighted to appoint
him as General Director as he assumes this role as a key player in
providing stability to the on-going management of the Company.

We also highly value the continued involvement of Mr. Druzhinin as the
Company's Director of Governmental Affairs going forward. His unique
insight and experience will undoubtedly be of great benefit in the
future development of Zhaikmunai".

Further information

For further information please visit 

Further enquiries

Zhaikmunai LP - Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith                 +31 20 737 2288

Deutsche Bank                                    + 44 (0) 207 545 8000
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Rob Abbott

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Alexander Metherell
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David Simonson
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Anca Spiridon

About Zhaikmunai
Zhaikmunai is an independent oil and gas enterprise currently engaging
in the production, development and exploration of oil and gas in
north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are
listed on the London Stock Exchange (Ticker symbol: ZKM). Zhaikmunai's
principal producing asset is the Chinarevskoye field, in which it holds
a 100% interest and is the operator, through its wholly-owned
subsidiary Zhaikmunai LLP. In addition, Zhaikmunai holds a 100%
interest in and is the operator of the Rostoshinskoye, Darinskoye and
Yuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspian
basin to the north-west of Uralsk, these exploration and development
fields are approximately 60 and 120 kilometres respectively from the
Chinarevskoye field.

Forward-Looking Statements
Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Partnership or its officers with
respect to various matters. When used in this document, the
and similar expressions, and the negatives thereof, are intended to
identify forward-looking statements. Such statements are not promises
or guarantees, and are subject to risks and uncertainties that could
cause actual outcomes to differ materially from those suggested by any
such statements.

Deutsche Bank
Deutsche Bank AG is authorised under German Banking Law (competent
authority: BaFin - Federal Financial Supervisory Authority) and
authorised and subject to limited regulation by the Financial Conduct
Authority (the "FCA"). Details about the extent of Deutsche Bank AG's
authorisation and regulation by the FCA are available on request.

VTB Capital
VTB Capital Plc is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority.

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