Tengizchevroil (TCO) officially announced December 22, 2020 upcoming changes to the company’s leadership team. Effective February 1, 2021, Kevin Lyon has been appointed as TCO General Director.
The government of Kazakhstan and the shareholders of the Karachaganak project have finally settled the dispute over the field. According to the Ministry, the Kazakh ministries of energy, Finance, PSA, Eni, Shell, Chevron and Lukoil signed an agreement on completing the settlement of the dispute
Kevin Lyon has been nominated for the position of General Director of Tengizchevroil LLP, who will replace the current head of the company IMER Bonner in 2021, the press service of TCO reported.
On December 11, 2020, an official ceremony of commissioning two wells at the Vostochny Urikhtau field was held in the Aktobe region.
The export of gasoline from Kazakhstan in 2020 will be 2.8 times higher than last year. This forecast was announced by the Ministry of energy. The Ministry explained that the expected volume of gasoline exports this year will be about 500 thousand tons. In 2019, the shipment was 180.7 thousand tons.
The Future Growth Project-Wellhead Pressure Management Project’s (FGP-WPMP) last Pre-Assembled Unit was safely delivered to the Tengiz field in Kazakhstan on October 28, 2020.
The Kazakh authorities intend to extend the ban on the import of diesel fuel until April 2021, the press service of the Ministry of Energy of the republic said.
Oil and gas companies KazMunayGas and Lukoil plan to engage in joint subsoil use in Kazakhstan, with reference to the press service of the national company.
Oil and condensate production at the Karachaganak oil field in Kazakhstan operated by Karachagank Petroleum Operating (KPO) fell by 21% to 0.785 million tonnes in September from 1.028 million tonnes in August, two sources citing output data said.
Tengizchevroil will re-mobilise personnel from September 1 to work on the future expansion project and wellhead pressure management project at the Tengiz field, TCO press service reported.
Atul Gupta has been appointed as CEO of Nostrum Oil & Gas, the company said.
Kazakhstani KazMunayGas refineries reduced the processing of raw materials by 9.7%, to 6.02 million tonnes.
Kazakhstan raised its oil output in July to 1.331 million barrels per day (bpd), by 2% from June, two industry sources familiar with preliminary data told Reuters on Monday, meaning the country was slightly over its target under a global pact among producers.
Petrofac has won a $135 m (£106.6 m) contract in Kazakhstan in a joint venture with locally-based Isker Group.
Kazakhstan's drive towards a low-carbon and climate-resilient economy by cutting the use of coal-fired power stations and reducing greenhouse gas emissions by up to 25 per cent by the end of 2030 will receive a boost following the approval of a new financing facility from the European Bank for Reconstruction and Development (EBRD) to KazTransGas, the operator of the national gas transportation system.