ASTANA, Kazakhstan, January 7.
Kazakhstani-based Tengizchevroil (TCO) made direct payments to the
state budget of Kazakhstan totaling $7.7 billion from January
through September 2025, Trend reports via the company.
In the first nine months of 2025, Tengizchevroil (TCO) allocated
$1.3 billion towards the acquisition of Kazakhstani goods and
services. Since its establishment in 1993, the company has invested
a cumulative total of $51.8 billion in the procurement of goods and
services from Kazakhstan.
As of the third quarter of 2025, TCO's total direct financial
contributions to Kazakhstan have reached approximately $209
billion. This figure encompasses various payments, including
employee salaries, domestic supplier purchases, payments to
state-owned enterprises, dividends to Kazakhstani partners, as well
as taxes and royalties remitted to the government.
Tengizchevroil, a joint venture formed on April 6, 1993, between
the government of Kazakhstan and Chevron, is primarily engaged in
the development of the Tengiz oil field in western Kazakhstan.
First discovered in 1979, the Tengiz field is estimated to hold 3.1
billion tons (approximately 25 billion barrels) of oil
reserves.
