An oil consortium and Almaty companies signed contracts for 5 billions tenge

Within the framework of the meeting, agreements on cooperation in several areas were reached. On the site of the forum, which gathered more than 500 participants from 28 countries, contracts were signed between the oil consortium Karachaganak Petroleum Operating (KPO) and the companies Schneider Electric, KazSpo-N and Bureau Veritas. The agreements presuppose the production in Kazakhstan of a modular electrical substation, refractory industrial clothing, previously manufactured only abroad, and certification according to international standards of ASME and the API of machine-building plants in the West Kazakhstan region. Total amount of contracts reaches about 5 billions tenge.

Almaty’s governor Bauyrzhan Baibek noted that the products of the megapolis enterprises always associated with high quality, playing an important role in increasing the local content in the purchases of large companies with foreign participation.

According to Altai Kulginov, in addition to trade and economic cooperation, the delegation is interested in the experience of Almaty in improving the quality of services to the population, using the example of "Open Almaty", as well as the concept of the "Smart City" project.

"Last year KPO purchased goods and services from Almaty suppliers for 107 billions tenge. The contracts signed today are long-termed and will contribute to the development of the regions," added Renato Maroli, General Director of Karachaganak Petroleum Operating.

In general, according to the results of eight months of this year, the volume of industrial production in Almaty totaled 520.7 billions tenge. The index of physical volume is -104.1% to the corresponding period of 2016. The specific weight of production of manufacturing industry was 75.7%, the output was 394.2 billions tenge, the volume index -104.4%. Investments in fixed assets amounted to 343.4 billions tenge or 113.4% against the same period last year.

The growth of industrial production in the West Kazakhstan region in the eight months of 2017 amounted to 11.5%, including in the mining industry - 12.4% and processing - 3.1%. Oil production in the region increased by 12.6%, gas condensate - by 12.7%.

Investments in the non-primary sector increased by 22.4%. In general, the volume of attracted investments in the region for this period amounted to 202 billions tenge, of which 65% is foreign investment.