(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 19. NCOC (North
Caspian Operating Company) is actively cooperating with the
government of Kazakhstan and industry associations to ensure that
its local content strategy aligns with the country's long-term
economic goals, a source at the NCOC told Trend .
According to the company, within the framework of the new
Strategic Partnership Council in the oil and gas industry, NCOC is
working to maximize local content and support the development of
Kazakhstan's Economy through several strategic initiatives.
The source also emphasized that NCOC's local content strategy is
based on the Production Sharing Agreement for the North Caspian
Project, as well as the proposals of the Kazakh government.
"This helps strengthen the local industry and increase the
participation of Kazakh companies in major projects. We are
actively collaborating with the Ministry of Energy of Kazakhstan
and other regulatory authorities to ensure compliance with national
priorities," the source detailed.
In particular, NCOC organizes workshops and training sessions
for local suppliers, government representatives, and international
partners, including organizations such as KazService and PetrSovet.
A notable example is NCOC's involvement in the establishment of the
International Machine Building Center (IMBC), which aims to support
Kazakh manufacturers and promote localization in the country.
"We closely collaborate with the government of Kazakhstan and
other stakeholders to ensure maximum involvement of local suppliers
in major projects, as well as to promote the development of Kazakh
business," the company added.
The company also emphasized that these efforts contribute not
only to meeting local content requirements but also make a
significant contribution to Kazakhstan's economic development.
NCOC, based in Atyrau, Kazakhstan, is the operating company
under the Production Sharing Agreement for the North Caspian. As of
today, the consortium consists of seven of the largest and most
experienced global energy companies: "KazMunayGas" (16.88 percent),
"Eni" (16.81 percent), "Shell" (16.81 percent), "ExxonMobil" (16.81
percent), "TotalEnergies" (16.81 percent), KNNK (8.33 percent), and
"INPEX Ltd" (7.56 percent). From 2004 to 2024, NCOC provided more
than 5,390 employees of Kazakhstani companies with specialized
professional training in the most in-demand professions, such as
working in confined spaces, welding safety, electronic systems,
assembly, and more.
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