Belarusian president comments on military cooperation with RussiaMilitary & Defense September 20, 14:24
Kremlin brands actor Morgan Freeman ‘victim of emotionally-charged, self-exalted status’Russian Politics & Diplomacy September 20, 14:07
Kremlin expects Lithuanian president to change view on Zapad-2017 drillsRussian Politics & Diplomacy September 20, 13:46
Russia still has to agree on two points for Arctic shelf expansionBusiness & Economy September 20, 13:44
Belarussian military at Zapad-2017 exercise achieves goals set — LukashenkoWorld September 20, 13:29
Infantino congratulates Russia’s Sorokin on being elected to FIFA CouncilSport September 20, 13:10
Press review: Tajikistan obstructs Iran’s SCO bid and Moscow works to end Palestinian riftPress Review September 20, 13:00
International researchers suggest quantum computers boost machine learningScience & Space September 20, 12:45
Putin keeps emphasizing respect for every country’s sovereignty — KremlinRussian Politics & Diplomacy September 20, 12:44
ATYRAU, July 5. /TASS/. Kazakhstan’s largest oil producer Tengizchevroil (TCO) plans to produce first oil at Tengiz oilfield in 2022, the company said on Tuesday.
Investments into the project expansion will amount to $36.8 bln, TCO said.
The decision was made to finance the next phase of expanding production facilities of the Tengiz oilfield, the company reported. It will comprise the future expansion project and the wellhead pressure control project, TCO said.
The crude gas injection technology anticipated for use in the future expansion project is reported to increase oil production on the field by 12 mln tonnes a year to 39 mln tonnes, TCO said.
The JV Tengizchevroil is owned by Chevron (50%), ExxonMobil (25%), Kazakhstan’s Kazmunaigas (20%) and Russian Lucarco (5%). TCO produced 27.2 mln tonnes of oil in 2015 and 7.4 mln tonnes in the first quarter of 2016.