Chevron launches Kazakhstan Direct Investment Fund website

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Chevron Munaigas Inc., a subsidiary of Chevron in Kazakhstan, today announced the launch of the Kazakhstan Direct Investment Fund website - www.cdif.kz

The website, as a digital platform, was created to raise awareness of the business community of Kazakhstan about the investment opportunities and activities of the Fund, as well as to submit applications for financing investment projects.

“With the launch of the website, Kazakh businesses will have a resource through which they can find a source of funding to start or further develop their business, products or services,” said John Baltz, Managing Director of Chevron Eurasia.

On October 11, 2021, the Ministry of Energy of the Republic of Kazakhstan and Chevron signed a Memorandum of Understanding as part of the project to create a Direct Investment Fund for Chevron in Kazakhstan in the amount of USD 248.5 million.

The Fund is a Chevron instrument to contribute to the economic development of Kazakhstan by investing in local businesses in Kazakhstan in a variety of areas, including but not limited to the production of goods, the execution of works and the provision of services in the energy sector, environmental protection, and digital technologies. ...

Chevron is one of the world's leading integrated energy companies. We believe that affordable, reliable and clean energy is essential to building a more prosperous and sustainable world. Chevron produces crude oil and natural gas; produces transport fuels, lubricants, petrochemicals and additives; and develops technologies that improve our business and industry. We are focused on reducing the carbon intensity of our operations and are committed to developing low carbon businesses alongside our traditional businesses. For more information on Chevron, please visit www.chevron.com.

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