N. Nazarbayev receives Chevron CEO
19:43, 8 June 2009
ASTANA. June 8. KAZINFORM. President Nursultan Nazarbayev has received Chairman of the Board of Directors and Chief Executive Director of Chevron Corporation David O'Reilly today; Kazinform refers to the Presidential press service.
Mr. O?Reilly informed the President of Kazakhstan of the results of TengizChevroil joint venture?s activity. Through the project of expansion of operations the company plans to increase oil output up to 24 million tons per year.
The corporation?s investment plans in Kazakhstan, including development of Atyrau polyethylene pipes plant and construction of steel plant, were also discussed.
?Since 1993 the joint venture invested about USD 30 billion in Kazakhstan?s economy. As a comparison, Chevron gained about USD 3 billion over that period. It means that the project is fully functional?, D. O?Reilly said.