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 …
