Middle East Economic Survey
Tengiz 2004 Crude Production Exceeds Target
Crude output during 2004 at Kazakhstans giant onshore Tengiz oilfield totaled 13.7mn tons, an average of 296,000 b/d, exceeding the 13.3mn tons target set by operator Tengizchevroil (TCO). Total crude sales during the course of 2004 amounted to 14.068mn tons (approximately 103mn barrels). Of this, 13.703mn tons were exported via the Caspian Pipeline Consortium (CPC) system to world...