ExxonMobil is interested in expanding investment cooperation with Kazakhstan

NUR-SULTAN, December 3, 2019 — Minister of Foreign Affairs of Kazakhstan Mukhtar Tleuberdi received the Managing Director of ExxonMobil Kazakhstan, Dinesh Sivasamboo.

The parties discussed the activities of ExxonMobil in Kazakhstan, including the company's participation in Tengiz, Kashagan, and other projects, as well as further plans to expand investment cooperation.

M. Tleuberdi noted the high role of ExxonMobil in the development of the oil and gas sector of Kazakhstan and the support of the Council of Foreign Investors under the President of Kazakhstan.

In turn, D. Sivasamboo noted that he highly appreciates the ongoing work to improve the investment climate of the country and to create favorable conditions for foreign investors.

The ExxonMobil company began its activities in Kazakhstan in 1993, becoming one of the first major Western oil investors in the country's economy. The amount of investments is $22 billion. The company works in areas including development, production, and transportation of oil and gas.