Kazakhstan-based Tengizchevroil sees slight decrease in crude oil output

Oil&Gas Materials 10 August 2021 11:23 (UTC +04:00)

BAKU, Azerbaijan, August 10

By Nargiz Sadikhova - Trend:

Crude production of Kazakhstan-based Tengizchevroil (TCO) amounted to 13.5 million metric tons (108 million barrels) in 1H2021, which is compared to 14.26 million metric tons (112.51 million barrels) in 1H2020, Trend reports citing the company.

In 1H2021, TCO sold over 735,000 thousand metric tons of LPG, 3.8 billion cubic meters of sales gas and over 1.3 million tonnes of sulfur.

Furthermore, direct payments to the Republic of Kazakhstan totaled $3.9 billion over the reporting period. The value of funds spent on Kazakhstani goods and services amounted to $1.7 billion, including $1.2 billion for Future Growth Project-Wellhead Pressure Management Project.

On the environment aspect, TCO’s gas utilization rate in 1H2021 was 98.9 percent, whereas total water reuse rate was 46.8 percent. TCO continues its water conservation efforts by recycling domestic wastewater effluent, as well as treating and reusing it for industrial purposes.

In addition, total TCO’s waste reuse/recycling rate was 38 percent.

Tengizchevroil LLP is a Kazakh partnership that develops, produces and markets crude oil, LPG, dry gas and sulfur.

TCO implements the best available technologies and conducts operations in accordance with world-class safety and environmental standards, providing ever-cleaner energy for a more sustainable Kazakhstan.

In April 1993, Tengizchevroil was formed between the Republic of Kazakhstan and Chevron Corporation.


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