Local content development forum

On 22 May, 2017 “Karachaganak Petroleum Operating b.v.” jointly with JSC “National Company “Social-Entrepreneurial Corporation “Oral” held a forum on the issues of local content developmеnt.

The main objective of the event was discussing the development opportunities for oil and gas subcluster of West Kazakhstan region, issues on increasing the ratio of local content in procurements of subsoil users and system-forming plants, workloading manufacturing plants and creating new work places.

Participation of akim of West Kazakhstan region A. Kulginov, general director of “KPO b.v.” R. Maroli, first vice-prime minister of energy of RoK M. Dosmukhambetov, general director of “PSA” LLP M. Zhurebekov has laid the significance of the event and showed the concern of state organs, oil and gas sector factories and business communities in goal-oriented, mutually beneficial cooperation.

During their speeches the major speakers of the forum – Executive Chairman of JSC “NC “SEC “Oral” Y. Baltayev, general director of Kazakhstan oil and gas servicing companies Association “Kazservice” N. Zhumagulov, representatives of “KPO b.v.” determined the prospects for development and the essence of local content in the procurements of subsoil users of WKR, including new opportunities in connection with the planned implementation of the industrial zone project in West Kazakhstan region and the development of machine-building subcluster of WKR, presented projects for expansion of the Karachaganak field, development opportunities for Kazakhstan companies and efficiency of cluster development of engineering and oil and gas industry.

The forum showed that there is a huge potential for increasing local content through the organization of new and joint productions in the West Kazakhstan region aimed at import substitution from subsoil users and system-forming plants.

It was also noted that, due to objective reasons, these opportunities are not being used in full. For the cardinal improvement of the situation, the measures were determined with the participation of government agencies, large oil and gas companies, representatives of the business community aimed at increasing the share of Kazakh content in procurements, and the number of new jobs.

During the forum the Memorandum of Understanding in cooperation on the development of machine-building for oil and gas industry between “KPO b.v.”, the West Kazakhstan region Akimat, JSC “NC “SEC “Oral” and the machine-building plants of the region was signed.

Also, West Kazakhstan region Akimat and “KPO b.v.”signed the Mutual Understanding Agreement on  establishment of  targeted local content indicators.

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