BAKU, Azerbaijan, July 2. KazMunayGas and Baker
Hughes have discussed plans to expand the localization of oilfield
services and equipment manufacturing in Kazakhstan.
This was reported by Kazakhstan's national oil and gas company,
KazMunayGas, following a meeting between Chairman Askhat Khassenov
and Baker Hughes President and CEO Lorenzo Simonelli in Astana.
"KazMunayGas and its partners in major oil and gas projects are
working to gradually increase the participation of domestic
engineering companies and manufacturers in service operations and
the production of equipment and spare parts," the company said.
According to KazMunayGas, the discussions focused on involving
Kazakh engineering enterprises in the localization of services and
manufacturing to increase domestic value creation.
The company noted that Baker Hughes plans to deepen cooperation
with several local manufacturers, including West Kazakhstan Machine
Building Company, Atyrauenergoremont, and KIOS, as part of its
localization program in Kazakhstan.
Baker Hughes has been one of Kazakhstan's longstanding
technology partners in the oil and gas sector, supplying equipment
and services for the country's largest oil fields, including
Tengiz, Kashagan, and Karachaganak. In recent years, cooperation
has increasingly shifted toward localizing production, expanding
maintenance capabilities, and involving Kazakh manufacturers in the
company's regional supply chain.
Localization has become a key priority for Kazakhstan's energy
policy. The government is working with international suppliers to
establish domestic production of high-value oil and gas equipment,
while encouraging long-term partnerships between global technology
companies and local engineering firms to increase local content and
reduce reliance on imports.
Meanwhile, Baker Hughes (NASDAQ: BKR) is a global energy
technology company headquartered in Houston, Texas, and London, UK.
Operating in over 120 countries with 55,000 employees, it provides
products, services, and digital AI advancements across the energy
and industrial value chain.
