Kazakh-U.S. cooperation: Tengiz expansion project
Development of the Tengiz field is one of the successful Kazakh-American projects. American oil corporation Chevron has already started the expansion, and is planning to increase crude oil production here. The project is estimated at 3 trillion tenge. After undergoing construction works, Tengiz will increase oil production by 12 million tonnes per year reaching 37 million tonnes in total. The Tengiz field expansion project is unique. It will consist of individual modules with a total weight of 53,000 tonnes. 25,000 people workers are involved in the project.
HAYMISH PAULSE, DEPUTY HEAD OF POLICY, GOVERNMENT, PUBLIC AFFAIRS, TENGIZCHEVROIL:
- Since 1993 Tengizchevroil has not only invested in its production growth, importantly, it is also invested over $250 million in local communities by building over 130 social infrastructure facilities and creating more than a thousand jobs for doctors, teachers and technicians.
More than 500 contracts have been concluded with Kazakhstani companies. Kazakhstani enterprises have enough time to modernize, purchase modern equipment, and train specialists as they receive guaranteed orders. According to the most conservative estimates, Kazakhstani suppliers will absorb at least three trillion from the total project cost of 12 trillion tenge.
SAMAT AZHENOV, GENERAL MANAGER, TCO NEGOTIATIONS AND LEGAL DEPARTMENT:
- The President talks about measures to ensure the rule of law. This is very important for us, it is important for investors. I paid attention to the future the President spoke about, the future generations. More than 50% of employees hired in our company are young people under 40. They speak three languages. They share modern progressive views and are competitive not only in the Kazakhstan market, but also in the world labor market.
Transit routes for the most expected large oil in Kazakhstan, the Tengiz and Kashagan, are prepared. The expansion of the CPC (Caspian Pipeline Consortium) pipeline, which connected Tengiz with the sea port of Novorossiysk, was completed. The American companies also invest Russian oil production projects.