Chevron-led Kazakh Oil Company Boosts 1H Output

Reuters

ASTANA, Aug 10 (Reuters) – Chevron-led Tengizchevroil (TCO), Kazakhstan's No.1 oil company, said on Monday it had increased crude output by 8.2 pct year-on-year to 14.07 million tonnes in the first half of the year.

U.S. Chevron owns 50 percent of Tengizchevroil, while ExxonMobil has a 25-percent stake, Kazakh state company KazMunaiGaz owns 20 percent and a subsidiary of Russia's Lukoil holds a 5 percent stake.

(Reporting by Maria Gordeeva; Writing by Lidia Kelly, Editing by Gabriela Baczynska)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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