Kazakhstan's Tengizchevroil Reveals Financial Impact On State Budget
In the first nine months of 2025, Tengizchevroil (TCO) allocated $1.3 billion towards the acquisition of Kazakhstani goods and services. Since its establishment in 1993, the company has invested a cumulative total of $51.8 billion in the procurement of goods and services from Kazakhstan.
As of the third quarter of 2025, TCO's total direct financial contributions to Kazakhstan have reached approximately $209 billion. This figure encompasses various payments, including employee salaries, domestic supplier purchases, payments to state-owned enterprises, dividends to Kazakhstani partners, as well as taxes and royalties remitted to the government.
Tengizchevroil, a joint venture formed on April 6, 1993, between the government of Kazakhstan and Chevron, is primarily engaged in the development of the Tengiz oil field in western Kazakhstan. First discovered in 1979, the Tengiz field is estimated to hold 3.1 billion tons (approximately 25 billion barrels) of oil reserves.
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