Kazakhstani Content Development: A Priority for TCO
- Since 1993, TCO spent about $51 billion on Kazakhstani goods and services.
- TCO has achieved nearly 70% Kazakhstani content in its operations.
- In 2024, TCO qualified 16 Kazakhstani manufacturers for its Approved Manufacturers List.
- Recent contracts include $10.5 million in equipment from local companies.
Meeting Overview
The International Machine-Building Center (IMBC) held its annual meeting in Astana, with participation from the Ministry of Energy of Kazakhstan and major oil and gas operators, including Tengizchevroil LLP (TCO). The focus was on developing Kazakhstani companies and enhancing their competencies.
Strategic Goals
The Minister of Energy highlighted the importance of synchronizing efforts to implement agreements, aiming to build a self-sufficient industrial cluster for national economic sustainability. TCO supports IMBC's work in identifying gaps in local manufacturers to ensure a reliable supplier base.
Investment and Achievements
Since 1993, TCO has invested approximately $51 billion in Kazakhstani goods and services, achieving nearly 70% local content. TCO's spending stimulates economic activity across multiple regions in Kazakhstan.
Local Manufacturer Development
IMBC has developed a new mandate to support local oil and gas product development, introducing changes to tender procedures to maximize local manufacturer involvement. In 2024, TCO qualified 16 Kazakhstani manufacturers for its Approved Manufacturers List.
Recent Contracts and Inspections
Recent successes include signing purchase orders worth over $10.5 million with local companies. TCO and IMBC teams have also visited Shymkent manufacturers to explore local capabilities as part of TCO's plan to inspect all regions of Kazakhstan.
Source: TCO