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Oil output at Kazakhstan's TengizChevroil up 2.5 pct in Jan-Sept

December 14 2015, 16:44

Image 0Dec 14 Chevron-led TengizChevroil (TCO), Kazakhstan's No.1 oil producer, increased its January-September output to 20.3 million tonnes (162 million barrels) from 19.8 million tonnes in the same period of 2014, the firm said in a statement on Monday.

Kazakhstan, the second-largest ex-Soviet oil producer after Russia, holds a 20 percent stake in the venture via state oil and gas firm KazMunaiGas.

Chevron owns 50 percent, Exxon Mobil has 25 percent and Lukarco, controlled by Russia's Lukoil, the remaining 5 percent.

Source: reuters

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