The largest oil and gas field in the last three decades was discovered in the Mangystau region of Kazakhstan, on the coast of the Caspian Sea.
The international rating agency S&P has downgraded Tengizchevroil's credit rating from BBB to BBB-.
The volume of oil shipped through the sea terminal of the Caspian Pipeline Consortium at the port of Novorossiysk in January 2021 amounted to 4.12 million tonnes, which is 26.6% less than the same period in 2020 at 5.61 million tonnes.
The Minister of Energy of Kazakhstan Nurlan Nogayev received the new General Director of Tengizchevroil Kevin Lyon, the press service of the department reported.
The associated gas of Kashagan will be processed, with reference to KazTransGas. According to the company, an agreement on the provision of services for the collection of this type of raw materials was signed with NCOC.