featurechevron direct investment fund in Kazakhstan
about chevron in kazakhstan
In 1993, Chevron became the first international energy company to enter Kazakhstan establishing the Tengizchevroil joint venture. As the country’s largest international investor, Chevron also holds an important stake in Karachaganak, is the largest private shareholder in the Caspian Pipeline Consortium and operates the Polyethylene Pipe Plant in Atyrau.
As in any country where the company does business, Chevron is helping Kazakhstan to drive economic growth through developing resources, supporting thousands of local jobs, using local goods and services, and investing in building the capacity and capability of the national workforce.
chevron direct investment fund in Kazakhstan (fund)
On October 11, 2021, the Ministry of Energy of the Republic of Kazakhstan and Chevron signed a Memorandum of Understanding as the part of ongoing work in establishing Chevron Direct Investment Fund.
The Fund is Chevron’s investment vehicle to support Kazakhstan’s economy by investing into commercial local enterprises across various industries, including but not limited to manufacturing, works and services in oil and gas industry with potential of developing the local supply chain, environmental stewardship, information technologies, including digital technologies.
The Fund is represented by a holding company for portfolio investments registered in the Astana International Financial Centre in Nur-Sultan.
- Deliver positive and transparent economic development and long-term impact on performance of the enterprises, communities, and environment.
- Focus on areas of manufacturing, works and services in oil and gas industry with potential of developing the local supply chain, environmental stewardship, digital & technology, and consider the investment opportunities in other sectors of economy as well.
- Provide and attract capital injection and business enhancements to build sustainable and successful enterprises.
- Impact local content development via job creation, enterprise development, transfer of skills and technologies, growth in sales and purchases, support of strategic initiatives, multiplier of direct, indirect & induced impacts and others.
Visit the website of Chevron Direct Investment Fund in Kazakhstan to find out the application requirements for funding.
Published: December 2021