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Thanks to Chevron Kazakhstan grossed $77bn in 20 years: President

April 4 2013, 12:20

"Chevron Corporation has invested nearly $20 billion into Tengizchevroil project over two decades. Based on that, Kazakhstan has grossed $77 billion," Kazakhstan's President Nursultan Nazarbayev said at a reception in Astana on Wednesday.

"I would like to take this opportunity and congratulate those present on 20 years of joint work with Chevron. Thank you for your long-standing friendship.

"Thanks to $20 billion invested by Chevron over the period of 20 years, Kazakhstan has grossed $77 billion. About $800 million has been poured into the social development of Atyrau region. Thousands of Kazakhstani specialists have been trained. Today, Atyrau is one of the most beautiful cities in the republic, tagged 'the oil capital of Kazakhstan'. Over the last two decades, the company has increased the crude oil output 26 times," the Head of State added.


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