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Monday, November 30th, 2020

Bakytzhan Sagintayev held several meetings in Astana


Thus, the Prime Minister discussed the issues of cooperation in the financial sphere with Managing Director, Chief Executive Officer of JPMorgan Chase for Russia and CIS countries Yan Tavrovsky.

Within the framework of the meeting, the issues of development of investment banking and services in the field of treasury operations, current activities and further plans for the work of JPMorgan Chase in Kazakhstan were considered.

Y. Tavrovsky noted that the measures taken by the Government, including the privatization process, have a positive effect on the attractiveness of the Kazakhstan market for investment.

In addition, the parties discussed the issue of cooperation within the framework of the Astana International Financial Center.

Let’s note JPMorgan Chase is one of the world’s leading financial institutions with a market capitalization of more than 220 billion dollars and assets of about 2.4 trillion dollars, which makes it today the largest investment bank in the world.

At the same time, Bakytzhan Sagintayev met with Chairman of the Supervisory Board of Polpharma Jerzy Starak.

During the meeting, J. Starak told about the further plans of Polpharma Company in Kazakhstan. The sides discussed the issues of support and development of cooperation in the pharmaceutical field.

In addition, Prime Minister of Kazakhstan Bakytzhan Sagintayev met with Executive Vice President of Chevron James Johnson on cooperation in the oil and gas production sector.

During the meeting, the project of expansion of the Tengiz field was discussed.

The parties noted that this project will have a positive multiplier effect both for the stable development of the economy of Kazakhstan and for all partners of TCO.

Particular attention was paid to the technological modernization of the oil and gas sector in the framework of the implementation of the instructions of the Head of State, enshrined in the Address “Third Modernization of Kazakhstan: Global Competitiveness”.

At the same time, the parties discussed the EXPO-2017 exhibition in Astana.

It should be noted, Chevron owns a 50% stake in Tengizchevroil LLP (TCO), which is developing the Tengiz field in the West of Kazakhstan.

Source: Kazakhstan 2050