KMG's Head Meets with Chair of Chevron's Board of Directors

KazMunayGas and Chevron discussed joint projects and prospects for cooperation. Chair of the Management Board of NC KazMunayGas JSC Askhat Khassenov met with Chair of Chevron's Board of Directors Michael Wirth.

The matters of development of the Tengiz and Karachaganak fields and prospects for cooperation in geologic exploration were discussed.

In particular, the successful completion of the Future Growth Project at Tengiz was noted, which became a significant step in ensuring the nation’s energy security and sustainability.

KMG's head pointed out the need for timely maintenance and upgrade of the production facilities to maintain a high level of industrial safety. Moreover, A. Khassenov emphasized the importance of further localization of the Kazakh production facilities for Tengiz's needs in order to develop the industrial cluster.

The need to increase the share of Kazakh personnel among the management staff of Tengizchevroil LLP (TCO) was also noted at the meeting. Today, domestic specialists working in TCO have completed internships abroad and gained the relevant qualifications and necessary experience to hold senior and managerial positions in the company.

On the Karachaganak project, the parties discussed the progress of the initiative to build a new gas processing plant at the field with a capacity of 4.5 billion m³ of raw gas. A. Khassenov thanked Chevron for supporting the development of the country’s petrochemical industry.

“KazMunayGas highly appreciates the strategic partnership with Chevron and we intend to strengthen mutually beneficial cooperation in order to implement joint promising industrial projects,” KMG's head emphasized.