News 2018March 2017
The cost of third-generation refinery at Tengiz oilfield, developed by Tengizchevroil LLP in Atyrau region, will amount to 36.8 bln USD”, Kazinform correspondent reports. "The construction of the third generation refinery is carried out within the frameworks of the projects on surface pressure control and future expansion of the TCO. Partners made the final decision on the financing of the projects.
Its cost amounts to 36.8 bln USD. This cost includes reserve for unexpected expenses and price escalation. Facility commissioning and first oil production are planned for 2022. Financing will be provided at TCO own expense and by attracting external borrowings. The Government of Kazakhstan does not participate in the project financing ", the press-service of the Ministry of Energy of the RoK says. After the work completion, oil production at Tengiz oilfield will increase by 12 mln tons and reach the amount of 39 mln tons per year.