US-based oil major Chevron has announced $3 million in funding for relief efforts in Kazakhstan, where communities have been affected by widespread flooding.
The floods were triggered by rapidly melting snow in Russia, with the third-longest river in Europe, the Ural, having burst its banks.
More than 97,000 people from affected areas have been evacuated in Kazakhstan alone, with thousands of homes having been flooded.
Chevron, which makes the Texaco grease and lubricant range, became the first international oil company to enter the former Soviet state in 1993. It currently has interests in various assets, including a 50% stake in the Tengiz Field, one of the deepest supergiant oil fields in the world.
The Eurasia Business Unit’s managing director at Chevron, Derek Magness, pointed to this company’s long relationship with Kazakhstan, adding that it was:
“…committed to helping the country in its relief efforts as it works to manage the devastating impact of flooding. We understand the critical role these resources play in addressing the immediate needs of communities during this crisis. Chevron expresses its unwavering support for the people of Kazakhstan in these challenging times.”
Chevron says that it strongly supports programmes in Kazakhstan that help the community, as it does in any country where it operates.
Since it started doing business in the country, Chevron claims that it has invested more than $460 million in social-improvement projects. It also donated more than $20 million in equipment and medicines to help the country deal with the COVID-19 pandemic in 2020.
