Men on Beach

Chevron Direct Investment Fund

The Fund is Chevron’s investment vehicle to support Kazakhstan’s economy by investing into commercial local enterprises across various industries, including but not limited to manufacturing, works and services in oil and gas industry with potential of developing the local supply chain, environmental stewardship, information technologies, including digital technologies.

The Fund is represented by a holding company for portfolio investments registered in the Astana International Financial Centre (AIFC) in Nur-Sultan.


AIFC’s independent regulatory framework and legal system, simple tax regime, arbitration procedures, international expert availability, and common objective of stimulating Kazakhstan economic growth provides the most efficient financial platform for Chevron to invest into local enterprises.


Proposal selection criteria:

  • Strong profitability

  • Robust ESG characteristics

  • Financial and non-financial risks

  • Value-creation potential

  • Portfolio diversification

Ownership: Chevron Direct Investment Fund ownership capped at 49%.


Preferred deal size: USD$2m to USD$30m


Geography: Kazakhstan