Sauat Mynbayev

Sauat Muchametbajewitsch Mynbajew ( Kazakh Сауат Мұхаметбайұлы Мыңбаев, Russian Сауат Мухаметбаевич Мынбаев; born November 19, 1962) is a Kazakh politician and since March 2010, the first Minister of Oil and Gas of the Republic of Kazakhstan.


Mynbajew graduated from the Moscow State University in 1985 with a focus on economics and cybernetics. By November 1989, he took a postgraduate studies also at the Moscow State University, and then worked among other things as a teacher at the Almaty Institute of National Economy.

From 1992 to 1995 he was first deputy chairman of the Kazakh bank Kazkommertsbank before he was to February 1998, Deputy Minister of Finance of Kazakhstan from January 1995. He then held for about eleven months, the Office of the Kazakh Finance. In 1999 Mynbajew became deputy administrative officer of the administration of the Kazakh President Nursultan Nazarbayev. In the same year he was appointed by the President as Minister of Agriculture.

In May 2001 Sauat Mynbajew was dismissed as minister and he took over the management of the Development Bank of Kazakhstan in Astana. After two years at the forefront of the development bank, he took over the management of the Caspian Industrial & Financial Group Ltd.. in Almaty.

After Mynbajew in companies spent several years in management positions, he was mid-2003, Deputy Prime Minister of Kazakhstan and 2004, Minister of Industry and Trade. From January 2006 to August 2007, he led as chairman of the Kazakhstan Holding for Governmental Assets Management Samruk. In August 2007, he was by decree of the President as Minister of Energy and Mineral Resources of Kazakhstan. Now After the dissolution of that ministry in March 2010 as part of a restructuring of the government, he occupied the newly created post of Minister of Oil and Gas of the Republic of Kazakhstan.