Tengizchevroil becomes leader of oil production in Kazakhstan in 2011
Kazakhstan, Astana, June 29 / Trend, D. Mukhtarov /
In 2011, TengizChevroil (TCO) held a leading position in terms of oil production in Kazakhstan (32.3 per cent), Kainar Kozhumov, director of Investment Profitability Research Agency said on Friday, addressing a workshop on 'Oil and Gas Industry in Kazakhstan: Modern Trends and Prospects'.
He said TCO is followed by Karachaganak Petroleum Operating (15.1 per cent), KazMunayGas'(9.9 per cent), CNPC-AktobeMunaiGas (7.8 per cent) and MangistauMunaiGas (7.2 per cent).
"Taking into account the distribution of shares of foreign companies in subsoil users, the largest share in oil production in 2011 accounted for U.S. and China, as well as Kazakhstan," Kozhumov said.
He added: "At the same time, the largest reserves in Kazakhstan account for the North Caspian Operating Company and TCO, preferential shares in which account for companies from the European Union and the United States.