Chevron is proud of its partnership with the U.S. Global Leadership Coalition (USGLC) to advance American leadership in international affairs, and through the Global Impact Project, share the story of how businesses, NGOs, foundations, and universities are partnering with the U.S. government to address global challenges – creating lasting impact abroad and in the United States.
Chevron is particularly honored to have its long-standing partnership with Kazakhstan featured in this year’s report, highlighting the company’s contributions to global development by fueling economic growth and supporting local communities through investments in education, social, and health infrastructure for lasting social impact. Learn more here and by reading the below:
Tapping the Potential
Kazakhstan is home to an abundance of oil and gas reserves— the 2nd largest in Central Asia and the 11th largest in the world.
But after gaining independence in 1991, Kazakhstan faced challenges in developing, producing, and exporting these natural resources. At the same time, the country was in the process of building up its economy after the breakup of the Soviet Union.
Powerful Partnerships
In 1993, Chevron became the first international oil company to enter Kazakhstan through its 50 percent interest in Tengizchevroil (TCO).
In this 40-year joint venture agreement, Chevron is partnering with the Republic of Kazakhstan and other oil companies to develop key resources, including the Tengiz oil field— one of the world’s deepest supergiant oil fields— to provide stable, reliable crude oil production. Through TCO, Chevron is also adding to Kazakhstan’s economy by supporting thousands of local jobs, using local goods and services, and investing in the national workforce.
Since inception, $2 billion has been invested into social infrastructure and numerous health, education, and sustainability initiatives for local communities in nearby Atyrau, including STEM education, teacher training, environmental conservation, and entrepreneurship programs. Since the outbreak of the COVID-19 pandemic, Chevron and TCO’s contributions have expanded to include crisis response and significant relief efforts across Kazakhstan.
Impact
For almost 30 years, Chevron has helped to drive economic growth in Kazakhstan through the TCO partnership.
Over this period, as the country’s largest foreign investor, Chevron has contributed over $148 billion to the country’s economy, including $34 billion invested in Kazakhstani goods and services, and created thousands of jobs in the country— 80 percent of which are filled by local employees. Professional training programs continue to develop the skills and knowledge of TCO’s employees, as well as Kazakhstani companies who partner on TCO projects, helping to build Kazakhstan’s capacity and capability.
Through TCO and powerful partnerships, Chevron is not only helping Kazakhstan as a global energy leader, they are changing lives and unlocking the potential of people across the country.
Read the full story here.