Baku, Azerbaijan, January 14. A source at NCOC told Trend that the North Caspian Operating Company (NCOC), which has invested nearly $17 billion in purchasing Kazakh goods, services and operations since 2004, is a major contributor to the country’s economic development and a staunch supporter of local businesses.
According to NCOC, an important measure of effort is the slice of the pie in which total procurement costs are allocated to local goods and services. The company is making every effort to increase the participation of Kazakh suppliers in its projects, especially in large-scale rigs of oil and gas schemes.
Sources emphasized that NCOC is prioritizing the integration of local suppliers in major projects such as the development of the Kashagan oil field. “Our goal is to create opportunities for local businesses at every stage of contract execution and procurement. This approach helps them grow their business and become more competitive.”
Supporting local businesses through training and certification is a cornerstone of NCOC’s strategy.
“Since 2004, more than 230 Kazakh companies have obtained international certifications such as ASME, API and ISO. We have also provided professional training to more than 5,390 employees of local companies to improve their qualifications in high-demand fields such as welding safety and mobile. .Crane work,” the source added.
NCOC is also working to strengthen local supply chains by identifying opportunities for local suppliers to meet operational requirements. The company invests in capacity-building initiatives by providing technical training, certification programs, and skills development for workers and businesses.
To ensure that local contractors benefit economically from large-scale projects and contribute to Kazakhstan’s GDP, NCOC works closely with local companies, international partners and the government. This collaborative approach supports sustainable economic growth and improves operational efficiency.
NCOC, headquartered in Atyrau, Kazakhstan, operates under a production sharing agreement in the North Caspian. The consortium includes KazMunayGas (16.88%), Eni (16.81%), Shell (16.81%), ExxonMobil (16.81%), TotalEnergies (16.81%), CNPC (8.33%), and INPEX Ltd. Includes 7 major global energy companies, including: 7.56%). From 2004 to 2024, NCOC provided professional professional training to more than 5,390 employees of Kazakh enterprises in areas such as confined space work, welding safety, electronic systems and assembly. These efforts reflect NCOC’s ongoing efforts to foster local expertise and drive sustainable development in Kazakhstan.
