Kazakhstan, Astana, 19 April /corr. Trend K.Konirova / In 2008 Tengizchevroil JV intends to increase oil production in Kazakhstan, said the TengizChevroil Director General, Todd Levy.
"This year we plan to produce 18.7mln tons of oil, an increase of 5mln tons from last year, at the expense of putting the second phase of the plant of second generation into operation," Levy said.
Answering the question of the journalists, Todd Levy said that currently the Company is holding talks with Azerbaijan regarding transit of Tengiz oil via the Country. He refused to call exact figure and data of sending first oil consignment for transit via Azerbaijan.
"Today we consider several routes of supplying our oil to the international markets, and Azerbaijan is one of them. We are interested in it. Yet talks are being held and nothing is known regarding dates and volumes of the oil dispatch," he said.
Opened in 1979, Tengiz is one of the world's largest oil fields and contains between 6 billion and 9 billion barrels of recoverable oil.
TengizChevroil JV was established on 6 April 1993 on the base of an agreement between Kazakhstan and Chevron Company.
Chevron has a 50% stake in the Tengizchevroil venture- which is developing the giant onshore Tengiz oilfield in the Caspian Sea. Other participants are Exxon Mobil (25%), Kazakh energy firm KazMunayGas (20%) and Lukarco JV (5%).
In the first quarter of 2008, nearly 4.3mln metric tons (30mln barrels) of row oil were produced in Tengiz. Of them, 3.8mln tons were realized, with 3.1mln tons being transported via Caspian Pipeline Consortium for export from Novorossiysk. Other part was transported via railway and exported from terminal in Odessa.
TengizChevroil exports row oil to Europe and America.
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