At the meeting of the Committee on Ecology and Natural Resources of the Majilis of the Parliament of the Republic of Kazakhstan, held on February 13, the management of Tengizchevroil (TCO) presented a report on the procurement of domestic goods in 2024 and shared their plans for 2025.

Kevin Lyon, General Director of the company, said that the sum of purchases of goods, works and services for the last year amounted to about 3 billion US dollars. At the same time, TCO's cooperation covered not only Atyrau Oblast, but also other regions of the country. He emphasized that the company actively works with local manufacturers and seeks to maximize the involvement of Kazakh enterprises in the supply chain.

“In July 2024, TCO entered nine memorandums of understanding with Kazakhstani manufacturers, including Sigma Solutions, Honeywell Automation Controls System, and FAD Kazakhstan. These companies have already been successfully qualified, and six more are currently undergoing technical evaluation. Special attention is being paid to the development of local production of overhaul equipment,” said the TCO General Director.

The company also announced plans to increase the share of Kazakhstani content in its purchases. In 2024, this figure reached 69%, and over the next decade, it is expected to grow to 75%.

In his presentation, Kevin Lyon also shared data on nationalization. Currently, about 96% of TCO employees are Kazakhstani nationals. Additionally, hundreds of Kazakhstani employees have taken key and critical technical and management positions, replacing foreign specialists. The company continues to focus on nationalization processes and plans to increase this figure to 98% in the coming years.

TCO’s financial contribution to the country’s economy remains significant. We note that the company paid more than $11 billion in taxes in calendar year 2024 alone, and total payments to Kazakhstan since TCO was founded in 1993 have exceeded $201 billion.

In addition, Kevin Lyon reminded that last month TCO successfully launched oil production at the Third Generation Plant (3GP) in the Tengiz field. The company plans to ramp up production in the coming months, and once the facility reaches full capacity, it will increase TCO’s annual production by 12 million tons of oil. This will provide significant additional revenue for Kazakhstan through direct financial payments to the republican budget.