Kazakhstan’s oil production broke a daily record of 278,400 metric tons right after Chevron-led company expanded its operations at the Tengiz oil field.
According to the national Fuel and Energy Complex’s Analytical Centre, the country has reached a historic record, with an increase of daily oil production by 10.5% in comparison with the last-year data.
Chevron Corporation announced on Monday that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) that is the third processing plant in operation at the Tengiz oil field, which is expected to ramp up output to one million barrels of oil equivalent per day. This milestone follows the completion of the Wellhead Pressure Management Project (WPMP) in 2024, which is designed to optimize the field and processing plants.
The FGP expansion aims to increase crude oil production by 260,000 barrels per day at full capacity.
Once all Tengiz facilities are operating at full capacity total annual crude oil production is expected to reach approximately 40 million tons per annum, according to Tengizchevroil.
The Tengiz oil field, located in western Kazakhstan, ranks as the world’s deepest producing supergiant oil field and the largest single-trap producing reservoir in existence.
“This milestone concludes a multiyear project that completely revamped the gathering and processing capacity of one of the world’s largest oil fields that will provide significant economic benefit for the Republic of Kazakhstan,” said Clay Neff, president, Chevron International Exploration & Production. “This accomplishment was possible due to our strong partnership with Kazakhstan, our contractors, and the local workforce.”
The FGP and WPMP projects together installed power systems at Tengiz with five Frame 9 gas turbine generators, added four large compression trains with additional pumping capacity, installed a new centralized control center and enhanced sour gas handling and reinjection to the field for long-term pressure maintenance.
As world leaders gather in New York for the 81st UN General Assembly, the organisation faces wars, displacement, climate pressures and deepening ge...
Nearly 130,000 people have been forced from their homes in Yemen in recent weeks as fighting intensifies along the country’s west coast, acco...
Iranian judicial authorities have shut a French language centre in Tehran linked to the French Embassy, accusing it of “illegal activities&rd...
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
Iran's military has threatened to launch sustained attacks on U.S. bases and interests across the Middle East if Washington resumes military action against Tehran.
The death toll from an overnight Russian attack on the Kyiv region rose to four, including three children, Kyiv regional authorities said on Sunday. A mother and her two 3-year-old children were killed when a Russian drone strike hit a private home, the emergency service said.
Overnight Russian strikes on the city of Sumy, northeast Ukraine, have killed one woman and injured a man, the country's State Emergency Service has said.
Russian parliamentary elections have delivered a comfortable win to the ruling United Russia party, which is closely aligned to President Vladimir Putin. With more than 95 per cent of ballots counted, United Russia has taken 57.83 per cent of the vote, up from the 49.8 per cent it won in 2021.
Nearly 130,000 people have been forced from their homes in Yemen in recent weeks as fighting intensifies along the country’s west coast, according to the International Organization for Migration (IOM).
Iranian judicial authorities have shut a French language centre in Tehran linked to the French Embassy, accusing it of “illegal activities”, including operating without a licence and facilitating the departure of talented Iranians.
Ankara and Washington are considering “creative ideas” to resolve U.S. sanctions imposed over Türkiye’s purchase of Russia’s S-400 air-defence system, Foreign Minister Hakan Fidan has said.
Uzbekistan is stepping up investment in Karakalpakstan, with billions of dollars in projects spanning renewable energy, AI, agriculture, mining, transport and healthcare as the region seeks to create jobs and develop higher-value industries.
The EU plans to mobilise up to €12 billion ($13.8 billion) in public and private investment to strengthen the Middle Corridor, a key trade route connecting Central Asia and the South Caucasus with European markets.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment