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.
AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan to build two 780-TEU shallow-draft container vessels for trade across the Caspia...
The United Nations will give low-income countries more money to help them attend COP30, the global climate summit set to take place in Brazil this Nov...
Five United Nations police officers from the Republic of the Congo were killed when an armoured personnel carrier in the Central African Republic cras...
Thousands of people marched through London on Wednesday to protest against U.S. President Donald Trump's state visit to Britain while a much smaller c...
President Donald Trump has paid his respect to the Late Queen Elizabeth by laying a wreath on her tomb....
bp, in collaboration with its partners, has signed a series of agreements to strengthen and expand its significant oil and gas interests in Azerbaijan.
The Russian government has approved the country’s energy strategy through 2050. Oil production is expected to rise to 540 million tons, while gas production is projected to reach 1.107 trillion cubic meters by that year.
Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes.
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's Energy Information Administration from the sources used to monitor its production and adherence to supply pacts.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Georgia has officially closed one of the last remaining chapters of its post-Soviet financial history: the repayment of its longstanding debt to Russia.
China has launched its first direct break-bulk shipping service to Peru’s Chancay port, marking a new stage in connectivity between Asia and South America under the Belt and Road Initiative.
Iranian Foreign Minister Abbas Araqchi will hold a call with British, French and German counterparts, alongside European Union foreign policy chief Kaja Kallas, to discuss the potential reimposition of United Nations sanctions and conditions for delaying the move.
Georgian authorities are currently investigating more than $624 million and €35 million which were laundered through an elaborate criminal scheme that spanned at least two years.
Russia’s new space agency chief Dmitry Bakanov said Moscow is pressing ahead with plans to build a low-Earth orbit satellite constellation to rival Starlink, the internet service run by Elon Musk’s SpaceX.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment