PetroKazakhstan Kumkol Resources played a key role in creating Demeu corporate fund established jointly with the Akimat of Kyzylorda oblast. Demeu is a non-profit organization aimed at financing socially important projects from combined funds allocated by various oil-gas companies operating in the region.
For the last two years, under the Memorandum of Cooperation on social-economic development of Kyzylorda oblast signed each year between the Akimat of Kyzylorda oblast and PKKR, the Company’s contribution to Demeu fund made up 11.5 million US dollars. This money was used in implementation of healthcare, educational, cultural and sports projects.
Thanks to a great degree to the funds allocated by Demeu each year the oblast’s socially important facilities such as Shapagat center for handicapped children, Baldauren kindergarten, Child Care Center, School №2, and Arai-Sunrise camp are able to maintain their activities. The fund actively sponsors the education of Kyzylorda medical and agricultural college graduates in higher educational institutions in Kazakhstan, allocates funds for various projects important for the development of the region’s infrastructure and maintenance of living standards in whole.
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