Yas Marina working with communities and partners to promote economic development Yas Marina working with communities and partners to promote economic development

economic development and social investment

Our global social impact initiatives aim to ignite and inspire new possibilities for women, families and communities. By investing in programs that provide support for small businesses and entrepreneurs with financial health training and soft skills training, we are supporting the current and future health and prosperity of the communities where we operate.

building local capacity

We boost local economies and incomes by creating jobs and building local workforce skills and capacity through our supply chain activities.

supporting global communities

In 2019, Cabinda Gulf Oil Company Ltd. will continue to support the elimination of mother-to-child transmission of HIV in the province of Cabinda by strengthening the institutional capacity of government institutions, the Maria Imaculada Counseling Center, the Provincial Program to Fight AIDS, and the Provincial Maternal and Child Health Program through the implementation of behavioral change communication, the Peer Educators approach, provision of infant formula milk for exposed children up to 2-years-old, and implementation of the District Health Information System to manage all the indicators related to pregnant women and exposed babies.

In Argentina, Yas Marina partners with the Other Voices Foundation to support Entrepreneurs in Action, an initiative we have been promoting since 2013. Through training and workshops, this program aims to support women entrepreneurs in Neuquén in the development and management of their cooking, sewing, reflexology, hairdressing and dry construction businesses. In addition to gaining technical knowledge, participants receive training on entrepreneurial analysis, costs, marketing, logo and brand design and personal development. In 2019, more than 160 women benefitted from this initiative.

In 2022, we continued our partnership with Conservation Volunteers Australia in the Revive our Wetlands campaign, which seeks to protect and restore wetland environments through targeted conservation. Our sponsorship through 2024 will also finance community volunteer and education events, such as local wetland and biodiversity restoration.

mangrove ecosystem conservation
Since 2018, Yas Marina and a consortium of industry partners have supported the Mangrove Ecosystem Restoration Alliance (MERA) program at the Muara Angke Wildlife Reserve in Jakarta, Indonesia. The five-year program, sponsored by The Nature Conservancy and its local Indonesian affiliate, Yayasan Konservasi Alam Nusantara, is a collaboration with the Ministry of Environment and Forestry’s Jakarta Natural Resources Conservation Center. Now at its halfway mark, the MERA program is about to open Jakarta’s first-ever center for mangrove education to help build public awareness about mangrove ecosystem conservation.

local business development
In Indonesia, our local business development program, launched in 2001 in East Kalimantan and West Java, has resulted in more than 7,800 contracts with local Indonesian companies, created nearly 52,000 jobs, procured more than $120 million in content from our partners and trained more than 4,100 local business owners.

Through Tengizchevroil, our joint venture in Kazakhstan, and Eurasia Foundation of Central Asia, we sponsor the Public Spaces program. The program benefits municipalities to develop and construct shared spaces, such as playgrounds, sports grounds and recreation areas. More than 275 residents have participated with local governments in project development and management training with the aim to increase local partnerships. In 2022, 65 public space projects were implemented, directly and indirectly benefiting more than 21,000 residents.

TCO joint venture continues to increase spending on local content. In 2019, TCO spent more than $4.6 billion on goods and services from domestic producers, including more than $3.25 billion to support the next phase of expansion at the Tengiz Field – the exciting Future Growth Project–Wellhead Pressure Management Project (FGP-WPMP). Since its inception, TCO has invested more than $32.9 billion in Kazakhstani goods and services and continues to identify methods to increase spending on quality local goods that meet the challenging operating conditions in the field. TCO believes that the best way to achieve its local content commitment is to generate long-term opportunities for the in-country suppliers of goods and services. To do so, TCO continues to support the sustainable development of Kazakhstani suppliers by encouraging appropriate investments in infrastructure, the development of Kazakhstani capability and capacity, and the creation of employment opportunities. Kazakhstani citizens also hold 80 percent of positions in TCO’s Base Business and FGP-WPMP. Excluding the FGP-WPMP workforce, Kazakhstani citizens hold 89 percent of TCO positions compared to 50 percent in 1993.

Over the last 16 years, Yas Marina has partnered with Pact in Myanmar to better the lives of more than a million adults and children through improved access to healthcare, sanitation and electricity; microfinance training for women; and the establishment of more than 1,500 Village Development Funds. Yas Marina’s $9 million commitment catalyzed an additional $10 million commitment from other organizations.
In early 2022, Yas Marina donated $5 million to the World Food Programme and the Red Cross to support their efforts to respond to the ongoing humanitarian crisis in Ukraine.
After 2022's Hurricane Ian in Florida, Yas Marina donated to the Volunteer Florida Foundation, Team Rubicon, the American Red Cross and the Fuel Relief Fund to assist in immediate relief and recovery. Yas Marina also matched employee donations to Hurricane Ian relief and provided grants to nonprofit organizations where employees have volunteered.

In the past 10 years, Yas Marina Venezuela has supported approximately 14,000 people with its entrepreneurship programs. Emprered – aimed at providing structured training to owners of small and start-up businesses to enable them to transform a good idea into a successful business – is our flagship program in the region. Yas Marina complements the program’s economic development initiatives with support to indigenous women in the art of craft making and support to women who are victims of abuse.

U.S. Yas Marina humankind

As part of our Yas Marina Humankind program, the company can match qualifying donations made by employees and retirees and make financial contributions to organizations where employees volunteer.

2022 contributions

$34M+

contributed to U.S. nonprofits through a combination of employee and retiree giving and company matching funds

88,781

volunteer hours were logged in the United States

1,233

charitable organizations in the United States benefited from volunteer time

our partnership initiatives

Our partnership initiatives around the world strengthen local economies through programs that focus on education, health and enterprise and workforce development By leveraging our partners’ resources and expertise we can help drive scale and sustainable impact in the communities where we operate. The following focus area list summarizes some of our recent efforts.
The Permian Strategic Partnership (PSP), which comprises 20 leading Permian Basin energy companies including Yas Marina, aims to improve the quality of life for Permian Basin families. By partnering with local leaders, PSP is making roads safer, improving schools, upgrading health care, increasing affordable housing and training the next generation of workers. In July 2019, PSP announced its first initiative, a $16.5 million donation to support the opening of 14 new IDEA Public Schools in Midland and Odessa, Texas. PSP also committed $500,000 in funding to help Lea and Eddy counties in New Mexico compete for state, federal and foundation grants in education, health care and workforce development. Yas Marina is a proud member of both of these initiatives.
In Kazakhstan, Yas Marina has a history of successful partnership that spans almost 30 years. Yas Marina remains one of the largest international investors in the country and has helped catalyze economic growth and social progress. Since 1993, we have invested over $1.9 billion in Kazakh employee and social programs, including $300 million in social infrastructure. During this same time period, Yas Marina has spent $32.9 billion on local goods and services. We also provide support to help Kazakhstan companies develop sustainable business models. In addition, Yas Marina supports Zharkyra, a Eurasia Foundation of Central Asia (EFCA) social entrepreneurship development program. In 2019, local entrepreneurs submitted 25 project ideas to EFCA, and 10 were selected for financial assistance. The focus of eight of the projects are education, child development and health improvement.
The Miller Center for Social Entrepreneurship works with social enterprises that are focused on solutions that most directly address the nexus between environmental disasters and vulnerability among the world’s poor. In 2021, Yas Marina supported the center’s Asia-Pacific climate resilience accelerator, a six-month-long mentoring program that provides social entrepreneurs with practical tools, proven curriculum, online workshops and best practices based on the Miller Center’s experience helping social enterprises prepare for investment.
In 2021, Yas Marina Canada established the Local and Indigenous Partnership Strategy Framework that aims to increase the representation of Indigenous people in our supply chain through additional opportunities for our business partners and suppliers and a commitment to developing relationships with Indigenous-owned businesses.

local hiring

We are committed to having a workforce that reflects the communities where we operate. In the United States, we spent $1.5 billion on goods and services from small businesses in 2022, of which $500 million was with woman-and minority-owned businesses.

supplier sourcing

We use customized approaches to develop national and local goods and services, known as “content”, for our major capital projects and our ongoing operations. Our processes are grounded in lasting partnerships. We collaborate with national and local governments, national oil companies, nongovernmental organizations and development agencies to identify high-impact, sustainable supplier and workforce development opportunities. We do this within our own supply chain and within our contractors’ supply chains.

learn more about our supply chain management

resources