In accordance with the terms of Subsoil Use Contract, Company has paid a Recognition bonus in the amount of 10 million dollars. As agreed with Kyzylorda Region and Kyzylorda city local administrations, Company “KAZPETROL GROUP” contributes to the strengthening of population health, development of education, culture and sports, participates in social and economic development of the region and acts as a reliable partner in the formation of a stable and favorable social environment in the Republic of Kazakhstan as a whole.
For the first 4 years of operation on the Contract, Company has invested $1, 9 million to social and economic development of the Kyzylorda region. All liabilities for the period of 2011-2017, in the amount of $500 000 Company has performed in full and in a timely manner, by directing finances to local funds for the region.
In addition, in 2010 the Company transferred an amount of $ 1.8 mln. to Astana Fund for Development.
In 2012 Kyzylorda football club “Kaisar” was funded by the company to take part in the Championship of the Republic of Kazakhstan among the Premier League clubs, as well as the children and youth football teams, to be part of the Championship of the Republic of Kazakhstan, the amount of support was $20 t000.
Total investment by the company within 10 years is more than $330 million.
Company constantly participates in projects providing social support to the population, during these years $4.22 million was invested to the social programs of the Republic of Kazakhstan.
At this stage, the Company is reviewing and finalizing speciala program of social protection of its employees, their families, and is considering the help to pensioners and veterans who have previously worked for the company.
Company is in full compliance with the legislations and regulations of the Republic of Kazakhstan in the field of industrial safety and environmental protection, and implements a system of measures aimed at achieving the level of the best international standards in this area to prevent possible accidents at work, and to reduce possible negative impact on human health and the environment.
Company adheres to the Code of Business Ethics by regulating the activities of the Company in the field of business ethics, health, safety and environmental protection, control and finance, company relations with employees, shareholders and the third-party organizations.
Business forum “Future of the Oil and Gas Industry of the Republic of Kazakhstan”
TOO KAZPETROL GROUP, being an associate member and representative of the international holding KUSTO GROUP, has been invited by KAZENERGY, NPP Atameken, supported by Forbes Kazakhstan and the general sponsor of the event Talan Towers, to the business forum on the topic “Future of the Oil and Gas Industry of the Republic of Kazakhstan”, to discuss with top managers and representatives of major domestic and foreign companies, such as Kalamkas-Sea, KER-1 Karachaganak, NERP Tengiz the topics like export of oilfield services, localization of large-scale production, WTO and Kazakhstan content, increasing opportunities for Kazakhstan in the Kazakhstan market and other issues of concern in the oil and gas sector of Kazakhstan, where the moderator was Armanzhan Baytasov, the owner of Forbes Kazakhstan, the Chairman of the Board of Forbes Russia.Learn More