Tengiz field to restart production within week in-Kazakhstan
Oil production at Kazakhstan's Tengiz field, which was suspended on January 18 due to a transformer fire, will be restored within a week, Kazakh Energy Minister Yerlan Akkenzhenov said.
Oil production at Kazakhstan's Tengiz field, which was suspended on January 18 due to a transformer fire, will be restored within a week, Kazakh Energy Minister Yerlan Akkenzhenov said.
A special commission has been established to investigate the technological incident that occurred at the Tengiz oil field, the Ministry of Energy of Kazakhstan reported.
Tengizchevroil was unable to start oil exports via the Baku-Tbilisi-Ceyhan pipeline due to the devastating earthquake in Turkey, Managing Director of Tengizchevroil Kevin Lyon said. The Tengiz field accounts for …
The International Ratings Agency Fitch Ratings expects that the Tengizchevroil (TCO) expansion will result in a lower dividend stream to the Kazakh state-owned National Company KazMunaiGas, which owns a 20% stake in TCO, over the medium term. …
The Tengiz expansion and other similar investments create prerequisites for the rise in oil prices. Chevron Corp., Exxon Mobil Corp. and several partners on Tuesday committed $36.8 billion to expand an oil project in Kazakhstan known as …