Baku, Azerbaijan, Aug. 10
By Elena Kosolapova - Trend:
Kazakhstan's Tengizchevroil company increased crude production for 1H 2015 up to 14.07 million metric tons (112.3 million barrels), the company said.
The company produced 13 million metric tons (104 million barrels) in the same period of 2014.
TCO exports oil via various routes. The major part of oil is delivered by the company to Novorossiysk via the pipeline of the Caspian Pipeline Consortium and to Odessa, Taman, Aktau and further to Batumi and Kulevi via a railway and then to Europe through the Black Sea. Additionally, the transportation of Tengiz oil via Baku-Tbilisi-Ceyhan pipeline was resumed in 2013.
In 1H 2015 TCO sold over 677,000 metric tons of LPG and 3.64 billion standard cubic meters of dry gas, the statement said.
TCO sold over 1.57 million tons of sulfur, which is 127 percent of the 1.24 million tons produced for the same period.
TCO has invested $3 billion since the year 2000 on projects to minimize environmental impact.
Such investments in environmental protection have enabled TCO to reduce total gas flaring volumes by 91 percent since the year 2000.
TCO's current gas utilization rate is over 99 percent.
Total air emissions generated per tonne of oil produced have been reduced by 74 percent since 2000. For 1H 2015, TCO averaged 2.18 kilograms of emissions per tonne of oil produced. Since 2000, TCO has increased annual crude oil production volume by 154 percent.
Tengizchevroil LLP was founded in 1993, on the basis of the agreement signed between the government of Kazakhstan and Chevron Corporation to develop Tengiz field.
TCO operates on the license area in Kazakhstan which covers the super-giant Tengiz field and a smaller Korolev field, as well as several promising areas for exploration.
The shareholders of TCO are KazMunaiGas national oil and gas company of Kazakhstan (20 percent), Chevron Overseas (50 percent), ExxonMobil (25 percent) and LukArko (five percent).
The company produced 26.7 million tons of oil in 2014.
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