Oil and gas projects on local content analyzed in Kazakhstan

Kazakhstan, Astana, April 10 /Trend D.Mukhtarov/

Kazakh national oil company KazMunaiGas (KMG) and other oil and gas companies operating in the country - "TCO", North Caspian Operating Company (NCOC - Kashagan) and "Karachaganak Petroleum Operating" (KPO), spend a lot to work together to increase local content in major oil and gas projects, the KMG Department of media Relations told Trend.

"For example, the Tengiz project analyzed more than 6.5 thousand items of goods purchased by TSO, conducted a technical audit of more than 20Kazakh factories for compliance with TSO product specifications, companies that meet the requirements of TSO are identified and received orders, as well as companies that are recommended for participation in TCO tenders," a statement said.

KMG noted that it is working to increase local content and also focuses on the organization of new enterprises through long-term contracts and memoranda from the producers.
Sixteen productions of new commodity positions to the creation of 101 new jobs are organized in the frame of the work of group of KMG companies on creation of new production on the basis of existing production capacity of 11 domestic producers. The production of 54 new commodity items with the creation of 186 additional working places is planned in 2012.

"Scientific and Technical Council (STC) of KMG is currently active. It examined the projected long-term contracts for 2012-2016 for their innovative component and future upgrading or expansion implemented by the domestic producers. As a result the STC KMG approved the long-term contracts totaling more than 60 billion tenge [$ 1 - 147.7 KZT], which will create more than 1.5 thousand new jobs by 2016," the statement said.

KazMunaiGas is Kazakh national operator for exploration, production, processing and transportation of hydrocarbons. One hundred percent of KazMunaiGas shares belong to the National Welfare Fund of Kazakhstan Samruk Kazina.

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