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TMK participates the 31st Plenary Session of Kazakhstan’s Foreign Investors’ Council

TMK, one of the world’s leading manufacturers of tubular products for the oil and gas industry, took part in the 31st Plenary Session of the Foreign Investors’ Council (FIC) chaired by the President of the Republic of Kazakhstan.

Nursultan Nazarbayev, President of the Republic of Kazakhstan, moderated the session on Rapid Modernization. The heads of Kazakhstan’s government agencies, representatives of major foreign businesses, and national and private Kazakhstani companies discussed a range of matters related to digital transformation, the adoption of new technologies, economic growth outlooks, process upgrades, and talent pool management. The session included a progress report on resolutions adopted by the 30th Plenary Session of the FIC, with recommendations presented by foreign guests regarding improvements to legal framework and practices for currency, tax, and customs administration, employment of foreign workers, and alignment of the national environmental standards to those of the OECD.

Grigory Kokovin, TMK’s Vice President for the Domestic Market and leader of the Company’s delegation, also attended a business breakfast for the FIC members with the President of the Republic of Kazakhstan.

The FIC is a unique platform established in 1998 to promote direct dialogue between the country’s leadership and foreign investors, and is chaired by the President of the Republic of Kazakhstan. FIC members include leaders of 35 international majors, including TMK, and international organizations.

ТМК has been operating in Kazakhstan since 2001 and is engaged in business relations with major oil companies currently active in Kazakhstan. The Company is a leader of the local pipe market. The Company’s key asset in the country is TMK-Kaztrubprom (part of TMK since 2008), focused on the production of premium extra-tight threaded connections for oil and gas casing and tubing.

(All photos are courtesy of the official site of the President of the Republic of Kazakhstan)

TMK participates the 31st Plenary Session of Kazakhstan’s Foreign Investors’ Council