Tengizchevroil (TCO) signs over US$200 million in contracts with Kazakh suppliers
- Contracts and memorandums exceed US$200 million in total value.
- Agreements cover maintenance services and specialized support for TCO production facilities.
- Memorandums aim to strengthen domestic partnerships, increase localization, and promote modern technology adoption and workforce development.
- TCO expects the deals to expand local manufacturing capacity, create jobs, and reinforce domestic supply chains.
Deal overview
Tengizchevroil (TCO) signed a series of contracts and memorandums of cooperation with Kazakhstani companies whose total value exceeds US$200 million. The contracts provide for maintenance services and specialized support for TCO production facilities.
Objectives and cooperation
The memorandums focus on strengthening partnerships with domestic companies, enhancing manufacturing capabilities, increasing localization of goods and services, promoting adoption of modern technologies, and developing a skilled workforce for the oil and gas industry. IMBC General Director Dastan Abishev described the contracts as demonstrating TCO’s confidence in Kazakhstani suppliers’ ability to deliver complex, high-value work to international standards.
Expected impact
TCO Deputy General Director Kuanyshkerey Mukhtarov said the agreements will contribute to the development of Kazakhstan’s oil and gas mechanical engineering sector, expand local enterprises’ production capabilities, create additional jobs, and strengthen sustainable domestic supply chains. Company statements emphasize building long-term partnerships that help suppliers grow, adopt new technologies, and meet international standards.
Source: TCO