Power of creation energy

Apr 04. Kazpravda

By Laura Tusupbekova, Bektur Kadyrov

Power of creation energyYesterday President Nursultan Nazarbayev shared in the function at the Independence Palace, celebrating the 20th anniversary of Kazakh-U.S. JV “Tengizchevroil”.

The function was attended by Prime Minister Serik Akhmetov, head of the Presidential Administration Karim Massimov, CEO of Chevron corporation John Watson, former board chairman Kenneth Derr, Managing Director of Chevron’s Eurasia business unit Scott Davis, as well as representatives of oil and gas companies in Kazakhstan.

Addressing the function, Nursultan Nazarbayev flashed back to the history of Kazakhstan- Chevron cooperation, and described how in 1990 during a visit to the United States he went to all the major enterprises of the corporation, including in the Gulf of Mexico, to take stock of its environmental and technological capabilities.

– Throughout the past 20 years, Chevron has invested about $ 20 billion including $ 800 million in the social development of Atyrau region, trained thousands of Kazakhstani specialists, about 3300 local dwellers are hired there. Our oil capital Atyrau is now one of the most beautiful cities in the country, – said Nursultan Nazarbayev.

The company has increased production 26 times, and the economy of Kazakhstan has grown 16 times in 15 years, Nursultan Nazarbayev went on, praising their significant contribution to the development of local content, for building plastic pipes production at his request and the Naval Academy in Atyrau region. Construction has been launched of the Youth Palace in Atyrau too.

The collaboration continues and there are new tasks ahead, like development of the project to increase extraction, in which another $ 7.5 billion is to be invested.

– For me it is important that Chevron does well in our country, to prove to other companies and to the world that it is possible to succeed in Kazakhstan. And you did it, – he said.

It was noted that the partnership of Kazakhstan and Chevron helped strengthen bilateral cooperation with the U.S.; it is a model for other U.S. companies operating in Kazakhstan.

Our country sets a target to be among 30 world developed nations by 2050; industrial-innovative development program is under implementation, and the Chevron will be helpful in it, Nursultan Nazarbayev hopes.

The U.S. Ambassador Extraordinary and Plenipotentiary to Kazakhstan Kenneth Fairfax read a letter of U.S. State Secretary John Kerry, congratulating Kazakhstanis on the progress achieved over the years of independence.

The Kazakh President was given a bronze statuette with a very symbolic title “Power of Partnership”, after which started a concert, in which a string quartet was playing classic pieces.

Two exhibitions were offered to all the visitors – crafts, and a photo exhibition on daily life in the country’s oil industry, featuring a variety of activities, from hydrocarbons production to social programs, including support to orphans.