Multinational companies, Tokayev discuss investment in Kazakhstan


Multinational corporations and the Kazakh authorities have mentioned the implementation of joint funding tasks in Kazakhstan.

On the eve of the thirty fourth assembly of the Overseas Buyers Council underneath the President of Kazakhstan, Kassym-Jomart Tokayev held on June 8 separate conferences with James Johnson, Government Vice President of Chevron Company, Neil Chapman, Senior Vice President of Exxon Mobil Company, and Honorary Consuls of Kazakhstan in Canada – Tim Gitzel, President and CEO of Cameco and Don Streu, President and CEO of Condor Petroleum.

Throughout the dialog with James Johnson, Tokayev was knowledgeable concerning the outcomes of the company’s work in our nation and plans for the approaching interval. Particularly, they mentioned the problems of nearing completion of Tengiz Future Development Mission.

The 2 additionally reviewed the prospects of enlargement of the manufacturing capability at Kashagan area, in addition to Chevron’s Direct Funding Fund actions aimed toward supporting the localization of manufacturing and environmental safety in Kazakhstan.

Chapman instructed Tokayev concerning the progress of building of a fuel processing plant at Karachaganak area, the chances of redirecting export volumes of fuel from the Tengiz area to the home market and the transportation of Kazakh oil by various routes.

In a dialog with Gitzel and Streu, the implementation of joint funding tasks in Kazakhstan was mentioned. Particularly, Cameco’s President instructed the Head of State concerning the actions and additional plans of the uranium firm in our nation. Condor Petroleum’s CEO knowledgeable concerning the plans on building of modular LNG crops in Kazakhstan. The prospects for the event of Kazakh-Canadian cooperation inside the Kazakhstan-Canada Enterprise Council had been additionally touched upon at this assembly.

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