TEK-Kazakhstan, the country's largest fuel depot operator, has demanded that the Samruk-Kazyna fund refund money paid under deals terminated from the 2000s and compensate it for property repair costs. The claim, totaling more than 280 million tenge, was filed in June 2026, according to the state holding's financial statements for the first half of 2026, infohub.kz reports.

The company is seeking to recover 239 million tenge paid under property sale and purchase agreements, plus another 45.413 million tenge in compensation for costs of inseparable improvements to the facilities.

The litigation follows a ruling by Astana's Specialized Interdistrict Economic Court, which in 2023 invalidated 2001 sale and purchase agreements between Samruk-Kazyna subsidiary Kazakhstan Temir Zholy and the companies TEK-Astana, TEK-Batys and TEK-Almaty.

Back in 2001, KTZ sold fuel depots to TEK-Astana for 96.3 million tenge, to TEK-Batys for 43.6 million tenge and to TEK-Almaty for 91.8 million tenge. The merged company was later renamed TEK-Kazakhstan Trading House, and the title to the fuel depots was registered to TEK-Kazakhstan.

In November 2024, the Agency for the Protection and Development of Competition said prosecutors had ruled the denationalization deals for KTZ's fuel depots invalid. As a result, TEK-Kazakhstan was fined 1.6 billion tenge for monopolistically high prices on diesel fuel storage and dispensing services, and the depots themselves were returned to the state.

The return of TEK-Kazakhstan's facilities took place as part of denationalization and supervision by the transport prosecutor's office. In early 2025, it was reported that 54 TEK-Kazakhstan properties had been returned to state ownership, including fuel depots, buildings and engineering structures.

Samruk-Kazyna disputes the plaintiff's claims. The fund considers the risk of a financial payout under the claim to be low, so it did not recognize a provision in its half-year consolidated financial statements.

The TEK-Kazakhstan group of companies has been operating on the market since 2001. It owns fuel depots located at railway stations and provides oil product storage and transshipment services covering more than 80% of the territory of the Republic of Kazakhstan.