ASTANA, Kazakhstan, September 22. KazMunayGas (KMG) and Chevron have signed a cooperation agreement in New York to advance local content development, workforce training, and skill enhancement in Kazakhstan’s oil and gas sector, Trend reports.
The agreement was signed by KMG Chairman Askhat Khassenov and Chevron Eurasia President Derek Magness. The partnership focuses on strategic collaboration in priority areas, including the integration of advanced technologies, employee training, and the development of local suppliers, with total planned investments of around $130 million.
Khassenov emphasized the significance of the agreement: “I am confident this agreement will open new opportunities for mutually beneficial cooperation between KMG and Chevron. Our companies have long been strategic partners. Joint projects, such as Tengiz, Karachaganak, and the Caspian Pipeline Consortium, make a substantial contribution to Kazakhstan’s national economy. We will continue enhancing production efficiency, implementing modern technologies, and upholding high industrial safety standards.”
Magness highlighted the collaborative focus on Kazakhstan’s energy future: “The signed agreement is an important step in developing our partnership with KazMunayGas. It reflects our shared commitment to local content, technological innovation, and workforce development. These initiatives aim to support Kazakhstan’s energy future, guided by transparency, integrity, and sustainable development principles.”
