Karachaganak Petroleum Operating signed number of joint agreements

Thus, a trilateral Memorandum of Understanding (MoU) was signed between KPO, KAZENERGY Association, PSA, LLP on setting up a Working Group to identify goods, works and services for clustering.  This initiative envisages a creation of new production facilities or modification of existing ones via establishment of Joint Ventures with interested foreign manufacturers and suppliers, the Ministry of Oil&Gas refers to Karachaganak Petroleum Operating B.V. official site.

KPO and Aksai Industrial Park ratified the earlier agreed Road Map, which includes a new laboratory for testing of equipment, an equipment repair facility for valves and instrumentation, introduction of pipeline pigging technology and other initiatives.

In addition, KPO and Tenaris Global Services Kazakhstan, Ltd signed an agreement to facilitate the construction of a tubular threading facility in the city of Aktau.  It is expected that the project will result in an investment of nearly 40 million dollars as well as in creation of 90 jobs for Kazakh residents.

KPO is one of the companies in Kazakhstan actively developing its local content programme.  The programme, has allowed the involvement of more than three thousand Kazakhstani companies into the development of Karachaganak.  As of today, these companies for the period of 1998 – 2013 have received orders from KPO for over $4 billion.  Last year, the proportion of local content in KPO contracts for the supply of goods and services reached more than 50% or $461.1 million in monetary terms.