* Kazakh presidential site quotes Chevron CEO
* Chevron says will invest in renewable energy
ALMATY, April 14 U.S. energy major Chevron Corp
(CVX.N) plans to invest in a wind power project in Kazakhstan,
the Kazakh presidential administration said on Thursday, quoting
visiting Chevron Chief Executive John Watson.
"Chevron will invest in the construction of a wind farm and
will contribute its share to the development of renewable energy
sources in Kazakhstan," presidential website www.akorda.kz
quoted Watson as saying, in comments translated into Russian.
He gave no further details about the project. A Chevron
spokeswoman in Almaty declined to give further details and other
local officials were unavailable for comment.
Watson had earlier met President Nursultan Nazarbayev in the
capital Astana, less than two weeks after the veteran Kazakh
leader was re-elected by a landslide for a fourth term in charge
of Central Asia's largest economy. [ID:nLDE7320GO]
Kazakhstan, which holds about 3 percent of the world's
recoverable oil reserves, has doubled its crude output over the
past decade to become the second-biggest producer in the former
Soviet Union after Russia.
The Chevron-led Tengizchevroil consortium, in which
ExxonMobil (XOM.N), Russia's LUKOIL (LKOH.MM) and Kazakh state
oil and gas company KazMunaiGas [KMG.UL] also participate, is
the country's largest crude producer.
With production of 25.9 million tonnes last year,
Tengizchevroil accounted for slightly less than a third of
Kazakhstan's total crude output of 79.5 million tonnes.
Renewable energy products are relatively rare in Kazakhstan,
which also plans to develop a nuclear fuel cycle based on the
world's second-largest uranium reserves.
But in a separate wind power project, a consortium involving
private equity company Visor Capital and the Turkish subsidiary
of Italy's Relight Group are exploring a potential $1 billion
investment in two wind farms in Zhambyl region. [ID:nLDE72N1IU]
(Reporting by Robin Paxton; editing by James Jukwey)