Nostrum Oil & Gas has finalised the disposal of its Kazakh assets and used the proceeds to redeem outstanding debt, marking a major step in the company’s restructuring.
Nostrum Oil & Gas has finalised the disposal of its Kazakh assets and used the proceeds to redeem outstanding debt, marking a major step in the company’s restructuring.
Seen this movie before. A company flogs its crown jewels, pays down debt, declares victory. Then the debt creeps back and the assets are gone. The difference here? Nostrum actually finished the sale. No limbo, no “pending regulatory approval” forever. That’s not a happy ending — it’s a funeral with better paperwork.