USD 88.4375

-0.25

EUR 96.2383

-0.07

Brent 83.5

-0.81

Natural gas 2.675

-0.15

1647

Kazakhstan has gained $132 billion since Tengiz development start

Kazakhstan has received $132 billion over the years of development of the Tengiz oil and gas field.

Kazakhstan has gained $132 billion since Tengiz development start


Astana, November 19 - Neftegaz.RU. Kazakhstan has received $132 billion over the years of development of the Tengiz oil and gas field located in Atyrau region, Kazinform correspondent cites the press service of TCO.

 

«Since 1993 through September 2018, TCO's direct financial payments to Kazakhstan exceeded $132 billion. This includes salaries for Kazakhstani employees, purchases of goods and services of domestic producers and suppliers, payments to government-owned enterprises, dividend payments to the Kazakhstani shareholder, and taxes and royalties paid to the Government.

 

In the 1st 3 quarters of 2018, direct payments to Kazakhstan amounted to over $7.2 billion,» the press service informed.

 

It is to be recalled that in January-September of this year, 21.5 million tons or 171.3 million barrels of crude oil were produced at Tengiz Field. In the 1st 3 quarters, TCO also sold more than 1 million tons of liquefied gas, 6.9 billion m3 of dry gas, as well as 1.8 million tons of sulfur.

 

Tengiz oil field was discovered in 1979. It is one of the largest and deepest oil deposits in the world. Tengizchevroil was established April 6, 1993 based on the agreement between Kazakhstan and Chevron. The partners of TCO are Chevron (50%), KazMunayGas (20%), ExxonMobil Kazakhstan Ventures (25%) and LukArco (5%).

 


Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru