Investing at Home: TCO’s $51.4 Billion in Local Content

Tengizchevroil (TCO) shared preliminary results of its comprehensive In-Country Value Development Program, developed in collaboration with the Ministry of Energy in September 2025. This program forms the foundation for TCO’s Kazakhstani Content (KC) development strategy for over the next five years.

TCO recognizes that Kazakhstani Content is a strategic priority for the country, and by supporting it, we will continue to work to increase Kazakhstani content in goods, works and service

emphasized the Deputy General Director of TCO, Konilkosh Suyessinov.

It is worth to mention, that since 1993 till the 1^st half of this year, TCO spent more than $51.4 billion on Kazakhstani goods and services.

TCO’s within its In-Country Value Development Program helps promote local manufacturing, supplier qualification, improved tendering mechanisms to support Kazakhstani manufacturers, and advanced cooperation models. The company is driving localization in key product categories such as valves, electrical equipment, instrumentation, piping, HVAC systems, chemicals, oils, paints, pumps, insulation materials, and fasteners.

Also, TCO supports Kazakhstani manufacturers in meeting technical qualification standards, through its internal Supplier Development Program. This includes site visits and desktop audits by subject matter experts, helping local companies to achieve international certifications, and ultimately qualifying for TCO’s Approved Manufacturers List.

Since 2024, TCO has completed the qualification of 16 Kazakhstani manufacturers and included them in the TCO Approved Manufacturers List, recognizing them as meeting TCO’s requirements and standards.

One of the main goals of the In-Country Value Development Program is to support the increasing of the TCO’s KC spend on goods. As of now, the company is making solid progress on increasing this number YTD August 2025 KC% Goods is set at 9%, which is 24MM USD KC Spend out of Total Goods Spend of 270 million USD, which makes TCO by far the number one purchaser of local goods in value in the oil and gas industry.

To achieve this result, TCO has developed a five-year Kazakhstani content development roadmap strategy 2025-2029. And one of the key initiatives is continuous improvement including the integration of key performance indicators (KPI) into targets for TCO departments.

Also, Kazakhstani Tender and KC Tolerance Mechanisms were developed to allow for minor price deviations in BID evaluations, favoring competitive local suppliers while at least 3 Kazakhstani companies submitted bids.

For high-value goods TCO uses long-term contracts to secure critical equipment and support local industry growth.

Recently, TCO participated in the IMBC forum where the company has signed 8 contracts and 4 MoUs with local companies for total sum of 150 million USD.

TCO also supports the small local entrepreneurs, including socially vulnerable groups, by implementing the “Tandau” interest-free microfinance initiative in Zhylyoi region. In 2024 alone, over 300 applications were received, with 44 businesses receiving funding.