BAKU, Azerbaijan, Feb. 16
By Nargiz Sadikhova - Trend:
Kazakhstan’s Ministry of Energy and Tengichevroil company will establish an investment fund to help local workers in Kazakhstan’s energy sector, Kazakhstan’s Minister of Energy Nurlan Nogayev said, Trend reports citing the press office of Kazakhstan’s government.
Nogayev said that this is one of the initiatives currently being implemented by the ministry to increase the share of local workers in the oil and gas industry.
The second initiative is the creation of an International Center for the Development of Oil and Gas Engineering.
In 1993, Tengizchevroil LLP was established on the basis of an agreement between Kazakhstan and Chevron. The company operates the Tengiz oil field in Kazakhstan.
The Tengiz oil field was discovered in 1979 and is one of the biggest and deepest oil fields in the world. The total explored reserves of Tengiz reach 3.2 billion tons, while recoverable reserves range from 890 million tons to 1.37 billion tons.
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