Kazakh Tengizchevroil announces procurement plan for 2020

Oil&Gas Materials 17 January 2020 13:43 (UTC +04:00)
Kazakh Tengizchevroil announces procurement plan for 2020

BAKU, Azerbaijan, Jan. 17

By Nargiz Sadikhova - Trend:

Kazakhstan Tengizchevroil company, which is busy with development of Tengiz oil field in Kazakhstan has published its Procurement Plan for 2020 for the first time in 26 years of its operations, Trend reports with reference to the press office of Kazakhstan’s Atameken Chamber of Entrepreneurship.

Although the document does not cover all types of goods, works and services procured by the company, it still gives Kazakh entrepreneurs the idea about company’s needs.

As noted by Tengizchevroil (TCO) itself, within the framework of the consistent work to meet Kazakhstan’s legislative base on local content, TCO has published the procurement plan to provide for TCO’s activities in Kazakhstan.

“The published plan represents possible needs of TCO in area of goods, work and services procurement to cover various areas of company’s activities,” TCO said.

According to Atameken data, average annual volume of goods, work and services procurement by Kazakh oil and gas sector amounts to 4.5 trillion tenge ($11.8 billion), over 3 trillion tenge ($7.9 billion) of which account for three largest oil field operators (TCO, North Caspian Operating Company, Karachaganak Petroleum Operating).

At the same time, Kazakh content in works and services procurement amounts to 40 percent, of goods to 20 percent, the report said.


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