Minister of Industry and Infrastructure Development Beibut Atamkulov held a meeting of the local content development subgroup with representatives of the FIC foreign side, including Shell, EY, Eni, Exxon Mobil, Lukoil, Total on February 8, 2021.
This work is implemented within the framework of the Instruction of the President of the Republic of Kazakhstan, introduced during a meeting with the members of the Foreign Investors’ Council.
The Working Group was established to improve the competitiveness of the oil and gas industry by the Order of the Prime Minister of the Republic of Kazakhstan on November 27, 2020.
The Working Group needs to develop coordinated proposals with foreign investors by March 1, 2021.
Based on the results of the work of the Subgroup, a Roadmap for the development of in-country value will be developed which will reflect the proposals of foreign investors regarding the international experience in the development of local content, support measures that allow reducing capital costs of foreign investors and others.