A new US Department of Energy survey provides updated data on oil & natural gas production in the CaspianBasin. It shows that ...

Crude oil production by the 22-member group remained steady in January at 40.63 million barrels per day. Output by the 18 members with quotas grew by 110,000 b/d, putting them 66,000 b/d over their ...

Chevron Corporation CVX is speeding up expansion at the Tengiz oilfield in Kazakhstan to raise its output to around 1% of global crude supply. With this ramp-up process, Chevron is likely to complete ...

The field is managed by Tengizchevroil (TCO), a consortium led by Chevron, with significant stakes held by KazMunayGaz, ExxonMobil, and Lukoil. In 2024, production from Tengiz reached approximately ...

The Tengiz field accounts for a large part of landlocked Kazakhstan's oil production and has been a major cash generator for Chevron for decades. But its exports depend almost entirely on a ...

Kazakhstan said OPEC+ will discuss US President Donald Trump’s efforts to ramp up US oil production and take a coordinated stance on the matter. "In the nearest future, a meeting is planned at the ...

ASTANA — Chevron has started production at its $48 billion expansion of the Tengiz oilfield in Kazakhstan. The expansion is expected to increase output to nealry 1 million barrels of oil per day, or ...

Kazakhstan shipped oil from the Tengiz field via BTC. However, the new shipment marks a significant expansion of Kazakhstan's oil export routes. In March 2024, Kazakhstan signed an agreement to ...

Kazakhstan has clashed with oil majors over costs In 2023 launched claims against groups developing oilfields Kazakhstan says it may raise its share in oil projects ALMATY, Jan 28 (Reuters ...

ALMATY, Jan. 27 (Xinhua) -- Kazakhstan's Taraz tanker, carrying oil from the Kashagan field, has departed from the Aktau port en route to Azerbaijan's Baku port, KazMunayGas, Kazakhstan's national ...

Atyrau, September 2, 2016 – Tengizchevroil (TCO) hosted a ceremony marking the 25th anniversary of Tengiz oil and gas facilities ... with the Republic of Kazakhstan it will realize the significant ...