press release

Chevron Press Release - Chevron Opens Third Retail Service Station In Kazakhstan

Kazakh

SAN FRANCISCO, Aug. 27, 1998 -- Chevron today commemorated the opening of its third branded service station in the Republic of Kazakhstan at a public ceremony in Atyrau with government and Chevron officials.

The new station mirrors modern Chevron stations built in the United States and provides fueling space for eight vehicles, offering unleaded gasoline, diesel fuel and motor oil. The facility, expected to employ 12 to 18 local citizens, also offers customers a convenient food mart.

We are proud to be a long-term partner in the continued growth and development in Kazakhstan, and we look forward to continuing our active partnership to build on our recent successes, said Dick Matzke, president of Chevron Overseas Petroleum Inc. and a director of Chevron Corp.

Chevron entered the retail gasoline market in Kazakhstan in 1996 with a station in the former capital of Almaty. The second station opened in the new capital of Astana in June. The company expects to open another station in Almaty later this year.

The station is the latest business investment in Kazakhstan by San Francisco-based Chevron, which in 1993 joined with the government of Kazakhstan in a $20-billion, 40-year venture to produce oil and gas from the giant Tengiz field, expected to produce 700,000 barrels per day by 2010. The new service station is located in the same region as Tengiz.

The service station meets the highest world standards for environmental, ecological, fire and technical safety using double-wall underground storage tanks, leak detection equipment and vapor recovery systems.

In honor of its local service station customers, Chevron will host Customer Appreciation Day at each Kazakhstan retail location on Oct. 3 to coincide with the anniversary of the first station opening. During the celebration, customers will be treated to special Chevron gifts, free refreshments and discounts in the convenience store.

Updated: August 1998