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Kazakh President Kassym-Jomart Tokayev delivers a speech throughout a session of the St. Petersburg Worldwide Financial Discussion board (SPIEF) in Saint Petersburg, Russia June 17, 2022. REUTERS/Maxim Shemetov
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ALMATY, Aug 18 (Reuters) – A Chevron-led (CVX.N) three way partnership has agreed to redirect 2.6 billion cubic metres (bcm) of fuel per 12 months in direction of Kazakhstan’s home market as a substitute of exporting it, Kazakh President Kassym-Jomart Tokayev’s workplace mentioned on Thursday.
The fuel is a byproduct of oil output on the big Tengiz discipline in western Kazakhstan wherein Exxon Mobil , Russia’s LUKOIL (LKOH.MM) and Kazakhstan’s KazMunayGaz (KMGZ.KZ) even have stakes.
Tokayev met Chevron CEO Michael Wirth in Kazakhstan on Thursday and in addition mentioned with him potential investments in petrochemicals and the growth of Karachaganak, one other big oil mission, his workplace mentioned in an announcement.
Kazakhstan sought further fuel provides to spice up home business and guarantee enough native provide.
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Reporting by Olzhas Auyezov; enhancing by Jason Neely
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