07.04.2003
KIO MOVES TO NEW STAGE IN NATIONALISATION PROGRAMME, 07.04.2003

AKSAI, Western Kazakhstan Oblast 7 April 2003 – The Karachaganak Integrated Organisation (KIO) has introduced a wide-scale International Management Programme (IMP) aimed at increasing the managerial capabilities of the company's employees.

The implementation of the IMP marks a new stage in the KIO Nationalisation Programme. Twenty-three employees at management level or with the potential to become managers have already started the two-year training course.

The costs of this pilot course is being met by sponsorship from the UK’s BG Group, one of the four partners in the Karachaganak project, and those taking part are expected to graduate in April of 2005.

KIO HR manager John Winston said that the training course is wide-ranging and covers the many disciplines that are necessary for the effective management of the enterprise and its business processes.

A team from the Chartered Management Institute, an internationally renowned organisation that is qualified to to certify managers, is carrying out the training. The IMP initiative fully conforms to KIO’s Nationalisation Programme, which has been approved by the Government of the Republic of Kazakhstan, and it is in compliance with the requirements of the Final Production Sharing Agreement.

In addition to on-site training that is being conducted in modular form, the course participants will take short-term overseas assignments to become familiarised with the practical aspects of international business operations.

Rosanne Dreher, HR development section head, said: "KIO is intending to increase the number of Kazakh managers by up to 22 per cent by the year 2005. The company is working in close co-operation with leading domestic and international institutions with the aim of enhancing the professional level of its Kazakh specialists".

The KIO nationalisation programme is gathering pace and Kazakh employees are taking on more and more responsible positions. The eventual aim is for trained Kazakh people to be capable of managing the complex operational process at Karachaganak and this, in turn, will help increase the intellectual potential of Kazakhstan as a whole.