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Tengizchevroil to boost output in 2009

10/12/2009
By Eric Watkins
The Chevron Corp.-led Tengizchevroil (TCO) consortium will increase its planned production of oil by yearend to 22.5 million tonnes from 21.5 million tonnes, according to a senior Kazakh official."Planning is expected to increase TCO's oil production by a million tonnes and there remains an unresolved issue of supplementary flaring of gas in the volume of 33 million cu m," said Vice-Minister of Energy and Mineral Resources Duysenbay Turganov during a conference call.In January, oil companies operating in the country paid more than 14 billion tenge in fines for excess gas flaring in 2008, according to Murat Rakhimbetov, chair of Kazakhstan's committee on environmental regulation ...
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