Social & Infrastructure Projects
Under the North Caspian Sea PSA, NCOC allocates a budget each year for the development of social infrastructure projects. In 2019, this budget amounted to US$76.8 million. The funds (for the construction of schools, kindergartens, hospitals, sport facilities, as well as utilities such as roads, electric power water supply lines and other infrastructure designed to benefit the community) are split equally between the Atyrau and Mangystau regions, where North Caspian project activities are centred. Between 1998 and 2019, 214 social infrastructure projects were completed. The cumulative spend on social infrastructure projects has thus reached almost US$697,6 million.
In 2018, NCOC marked 20th anniversary of Social and Infrastructure Projects under the Production Sharing Agreement in respect of the North Caspian Sea.
NCOC Social and Infrastructure Projects brochure