Chevron (CVX.N) owns a 50% stake in the venture. Exxon Mobil (XOM.N) controls 25%, KazMunayGaz (KMGZ.KZ) has a 20% stake, and Russia’s Lukoil (LKOH.MM) owns 5%. The Kazakh energy ministry did not reply to a request on comment about oil production plans for 2024 and 2025.
Does Kazakhstan have oil production plans for 2024 & 2025?
The Kazakh energy ministry did not reply to a request on comment about oil production plans for 2024 and 2025. Kazakhstan – which relies on Tengiz and two other major fields, Karachaganak and Kashagan, for most of its production – is subject to output targets as a member of OPEC+, an alliance of OPEC and other top producers led by Russia
Who is Petronas Carigali (Turkmenistan)?
Petronas Carigali (Turkmenistan) Sdn. Bhd., engaged in the development of oil fields in the Turkmen sector of the Caspian Sea, has put two offshore oil platforms into operation this year.
Will Kazakhstan’s biggest oil field ‘Tengiz’ impact OPEC+ quota?
REUTERS/Shamil Zhumatov/File Photo Purchase Licensing Rights MOSCOW, Oct 9 (Reuters) – Kazakhstan’s biggest oil field Tengiz, operated by U.S. major Chevron (CVX.N), boosted output to a record high in October, sources told Reuters, potentially complicating the country’s future efforts to comply with its OPEC+ quota.