News 2024
February 2017Tengizchevroil
In 2016, 27.56 mln tons of oil were produced at Tengiz oilfield in Atyrau region, Kazakhstan. A year earlier, the volume was equal to 27.16 mln tons. Tengizchevroil (TCO) is a joint venture company, which is engaged in exploration, production and sales of oil and related products from Tengiz field. This company is the largest oil producing enterprise in Kazakhstan. Also, in 2016 TCO sold 1.35 mln tons of liquefied natural gas (LNG), 7.21 bln m3 of natural gas and 2.33 mln tons of sulphur.
In the period from 1993 to 2016, the direct financial payments of the enterprise to Kazakhstan amounted to 116 bln USD, including the salaries for the local staff, purchases of goods and services from the Kazakhstani producers and suppliers, various payments to the State enterprises, dividend payments to Kazakhstani partner. The enterprise is one of the largest contributors to the budget of Kazakhstan, which received 4.7 bln USD from the enterprise last year. Also, the amount of goods and services, purchased by Tengizchevroil from the Kazakhstani suppliers, exceeds 1.9 bln USD.