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Kazakhstan says oil output at Tengiz oilfield resumed
- Chevron owns 50%, Exxon Mobil 25%, Kazakhstan’s KazMunayGas 20% and Russia’s Lukoil 5%
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MOSCOW: Oil output at the huge Tengiz oilfield has been restored, Kazakhstan’s energy ministry said on Saturday.
The ministry said five wells were relaunched at the oilfield, adding that the oil output would be increased gradually.
Oil jumps over 1% on US storm disruption, Kazakh oilfield’s slow restart
Tengiz is operated by Tengizchevroil, a joint venture between Chevron, Exxon Mobil, KazMunayGas and Lukoil. Chevron owns 50%, Exxon Mobil 25%, Kazakhstan’s KazMunayGas 20% and Russia’s Lukoil 5%.
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