TENGIZCHEVROIL and EBRD shared success of the joint program

28 November 2019

November 28, 2019, NUR-SULTAN – Tengizchevroil LLP (TCO) and European Bank for Reconstruction and Development (EBRD) conducted a business workshop for representatives of Small & Medium Enterprises (SME) to discuss urgent issues related to Kazakh Content development in oil and gas industry.

During the workshop, TCO and EBRD shared their interim results of the joint program that has been implemented for the last four years. The program was launched in 2015 and it is one of the tools used to improve opportunities and capabilities of SME entities focused on the oil and gas industry. One of the supportive forms within the framework of the program is with help of EBRD to arrange and co-finance consultation projects where Kazakhstani entrepreneurs providing their services and goods in oil and gas industry, may attract local and foreign consultants.

Since the program was launched, 26 projects with involvement of local consultants and 7 projects with involvement international industry experts were initiated. According to TCO Policy, Government and Public Affairs General Manager Mr. Artygaliyev, among the completed projects of 73% program participants their amount of business was increased to some 66%, a number of jobs was increased to 32% and workforce productivity was increased to 35%.

In his conclusion, Mr. Artygaliyev highlighted positive changes of Kazakhstani suppliers in TCO purchase and bids.

“If five years ago the sum of spent money to purchase of local goods and services amounted to $2.4 bln, and by the end of Q3 2019, this indicator exceeded $3.4 bln. In total since its operation TCO spent to purchase local goods and services over $31 bln”, - he added.

Further, EBRD representatives noted that currently five companies participating in this program have become TCO suppliers or extended their supplies as a result of successive improvements in business with assist of highly qualified consultants.

Besides providing success story presentations within framework of TCO-EBRD joint program, all the participants attended sessions “TCO bids and domestic market opportunities” including several master classes “Essentials of Safety Culture” and “Preparation to participate in bids of oil and gas industry”. Additionally, there was awarding ceremony for consulting companies who conducted trainings during this event.