Constructive dialogue – the basis for mutually beneficial cooperation

Feb 27, 2012

On February 21, 2012 in Kazakhstan capital Astana Tengizchevroil management hosted a traditional meeting with members of RK National Parliament. Acting as facilitator and the owner of the idea was the Policy, Government and Public Affairs group of TCO. Rzabek Artygaliyev, General Manager of PGPA opened the meeting and introduced to the VIP visitors General Director of TCO Tim Miller, Deputy General Director Anuarbek Zhakiyev, General Manager of Human Resources Sholpan Altybaeva, General Manager of TCO Strategic Planning & Analysis Murat Munbaev and PGPA Deputy General Manager Linsi Crain.

 

In his presentation Tim Miller expanded on company achievements in enhancing environmentally responsible performance. He also made a special focus on TCO record of day-away-from-work incidents recognized among the best across the world petroleum industry.

 

He noted in his report, starting from 2000, TCO total investments in environmental projects aimed at reducing the impact on the environment have exceeded $2.3 billion. Through bringing on pioneering technologies and upgrading reliability of all equipment the company achieved an unprecedented 94 percent reduction of daily petroleum gas flaring.

 

The general director further briefed the parliamentarians on the significant contribution TCO has been making to Kazakhstan, including through ever growing direct payments, continuous nationalization and the increase of the volume of goods and services supplied by local vendors. Starting from 1993 when the joint venture was founded, Tengizchevroil’s direct total contributions to the national economy have reached $60.1 billion, including $14.4 billion in 2011, compared with $9.6 billion in 2010.

 

Kazakhstani residents account for 86 plus percent of total workforce and comprise 76 per cent of supervisors and lead specialistrs.

 

A continuing up-trend can be observed in the cost of local goods and services paid to Kazakhstan suppliers. Over the past 18 years, the Kazakhstan content in overall purchases exceeded $11.3 billion.

 

The deputies were updated on the important issue of sulfur storage at TCO. TCO sold 3.8 million metric tonnes of sulfur in 2011. Sulfur sales represent another company record and 169 percent of the 2.3 million metric tonnes of sulfur produced for the year. TCO sales success has reduced sulfur block inventory at Tengiz to 3.9 million metricto-date, a significant reduction from the peak of 9 million tonnes just a few years ago.

 

Tim Miller gave a detailed account of the effort TCO spends to increase the reliability of equipment, spoke about compensation programs, hiring and retention. He also provided information about TCO’s advanced practices of working with contractors. Tim Miller briefed the VIP audience on the pans of future expansion and emphasized achievements in corporate social responsibility.

 

He was particularly proud to report TCO was bestowed Grand Prize or corporate social responsibility in 2011. At the winner recognition ceremony in Astana he received the prize from President Nursultan Nazarbayev.

 

After the presentation the members of the Parliament enjoyed the opportunity of a Q&A and were given detailed answers to their queries. They were particularly interested to know more about TCO future plans, the realization of community investment program and environmental protection, as well as the efforts to make TCO a safer place to work.

 

Kairat Iscanov, deputy chairman of Senate returned courtesy making remarks on behalf of his colleagues. He recognized the significant contribution TCO has been making in the local and national economy and was particularly pleased to praise TCO’s CIP known as making a tremendous value for local communities.

 

In the end general director Tim Miller thanked the VIP guests for attendance and expressed his confidence of future productive cooperation.