Results of the Year
Tengiz remained the leader
Despite the COVID-19 pandemic and challenging market conditions, Tengizchevroil has maintained its position as a leader in Kazakhstan's oil and gas industry, maintaining uninterrupted production and continuing to maintain high safety and environmental performance.
In 2020, TCO produced 26.5 mln tons of crude oil, which is approximately 35% of the total oil produced in the Republic of Kazakhstan. At the same time, a decrease was recorded compared to 2019, when the volume of production amounted to 29.8 mln tons of oil. TCO General Director Kevin Lyon attributes this to the impact of the pandemic: "Demand has fallen in global markets, and this has affected our producing operations accordingly."