On October 4, Prime Minister Alikhan Smailov met with ExxonMobil's Senior Vice President, John Whelan, to explore the further development of the Tengiz and Kashagan oil fields, QazMonitor reports citing primeminister.kz.
The parties discussed the implementation of future expansion and pressure management projects at the Tengiz oil field, plans for further development of the Kashagan oil field, issues related to the supply of liquefied petroleum gas to the domestic market, and the construction of a gas separation plant.
Prime Minister Smailov emphasized that increasing local content in major oil and gas projects is a key factor in the development of Kazakhstan's core industries. He called for strengthening cooperation with local manufacturers interested in producing goods for the operators' needs.
John Whelan highlighted that ExxonMobil was one of the first foreign international oil companies to establish its presence in Kazakhstan.
"To date, we have invested over $28 billion in Kazakhstan, making us one of the largest foreign investors. As long-term partners in major projects such as Kashagan, Tengiz, and the Caspian Pipeline Consortium, we hope to further strengthen our bilateral relations and strategic partnership," he said.