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Chevron Collaborates With KazMunayGas Exploring Lower Carbon Opportunities In Kazakhstan – $CVX $DIA

By John F. Heerdink, Jr.

Reportedly, Chevron Corporation (CVX) through its subsidiary Chevron Munaigas Inc, and JSC NC “KazMunayGas” have announced a memorandum of understanding to explore potential lower carbon business opportunities in Kazakhstan. 

At the 34th Plenary session of the Foreign Investors Council led by President of Kazakhstan, Kassym-Jomart Tokayev, and Chevron’s executive VP of Upstream Jay Johnson, the Memorandum of Understanding (MoU) was signed by MD for Chevron’s Eurasian Business Unit, Derek Magness, and Magzum Mirzagaliyev, chairman of the Management Board of KMG, in Nur-Sultan.

“Chevron has been investing in Kazakhstan for close to three decades. We are proud of our history of partnership and are committed to investing in the country’s energy future. This MoU with KazMunayGas marks a new chapter in our company’s efforts to support the development of Kazakhstan’s energy sector. We firmly believe that we can play an important role in the country’s energy transition and achievement of its carbon-reduction targets. Through our collaboration with KMG, we hope to contribute to providing affordable, reliable, ever-cleaner energy, and help the industries and customers who use our products to advance their lower carbon goals,” stated MD for Chevron’s Eurasian Business Unit, Derek Magness.

Dow 30 component Chevron Corporation (CVX), through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide.  To learn more about Chevron (CVX) and to track their progress please visit the Vista Partners Chevron Page.

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(Read Original Story: Chevron and KazMunayGas Announce Collaboration on Lower Carbon Opportunities in Business Wire)


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