Business

Kazakhstan and Chevron focus on expanding energy exports via Middle Corridor

By Madina Usmanova

Copyright trend

Kazakhstan and Chevron focus on expanding energy exports via Middle Corridor

ASTANA, Kazakhstan, September 22. The series of
meetings of the President of Kazakhstan Kassym-Jomart Tokayev with
representatives of U.S. business circles continued with a
conversation with Michael Wirth, Chairman of the Board and Chief
Executive Officer of Chevron Corporation, during which the main
focus was on the development of hydrocarbon supply routes to global
markets, including through the Middle Corridor, Trend reports via the press
service of the Kazakh President.

In the course of the meeting, Kassym-Jomart Tokayev noted the
significant contribution of the corporation to the economic
development of our country. Over the years of independence,
Chevron, involved in the development of major fields such as Tengiz
and Karachaganak, has invested about 55 billion dollars in
Kazakhstan. Currently, about 25 percent of the total production
volume of one of the world’s largest energy companies comes from
Kazakhstan.

Furthermore, the focal point of the meeting revolved around the
strategic discourse on the execution of the forthcoming Tengiz
expansion initiative, alongside the evaluative analysis of the
potentialities for gas extraction and processing at the
Karachaganak site.

Chevron Corporation is a major American multinational energy
company involved in every aspect of the oil and gas industry,
including exploration, production, refining, and marketing. Founded
in 1879 and headquartered in San Ramon, California, Chevron is one
of the largest oil companies in the world. The company is also
investing in renewable energy and technologies to support a
lower-carbon future.

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