OREANDA-NEWS  On 08 June was announced, that Kazakhstan President Nursultan Nazarbayev Received Chairman and CEO of Chevron Corporation David O’Reilly.

David O’Reilly informed the President on the activity results of the joint venture Tengizchevroil (TCO) which plans under the expansion project to increase crude oil production capacity to 24 million tons per year.

The corporation’s investment plans in Kazakhstan, in particular, on expansion of the polyethylene pipe plant in Atyrau and on construction of the hardware plant were discussed during the meeting.

“Starting from 1993, TCO invested about USD  30 billion in the country's economy. To compare, Chevron's profit for this period accounted for USD  3 billion. It proves that it is a good contract, which is successfully working to date,” CEO of Chevron Corporation David O’Reilly highlighted.