Kazakhstan’s Tengizchevroil Increased Oil Production By 1.3% In H1

Kazakhstan's Tengizchevroil Increased Oil Production By 1.3% In H1

Tengizchevroil produced 14.59 mln tons of oil in January-June 2017, or 116 mln barrels of crude oil, 1.32% up year on year, reads the message of the company.

According to the message, the company sold 710 000 tons of liquefied gas in the first half year (5.49% up year on year), 3.73 bn cu m of natural gas (+1.63%) and 1.27 mln tons of sulfur (+13.39%).

The sum of direct payments of the oil company to the state amounted to $4.3 bn (1.65 times growth).

In the first half year 2016 TCO produced 14.4 mln tons, or 114.8 mln barrels of crude oil, sold 673 000 tons of liquefied gas, 3.67 bn cu m of dry gas and 1.12 mln tons of sulfur. In the same period the oil company transferred $2.5 bn of direct payments in the budget of Kazakhstan.

Chevron, ExxonMobil, Lukoil and KazMunayGas are partners in the venture, the Central Asian nation’s biggest oil producer.

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