VOL. XLV
No 39
30-September-2002
CASPIAN
ChevronTexaco Plans $3Bn Investment In TCO During 2003-05
ChevronTexacoplans to invest $3bn in the giant Tengiz oilfieldbetween 2003 and 2005, according to the company痴 chairman and CEO, DavidO坦eilly. Speaking in Astana after a meeting with Kazak President Nursultan Nazarbayev on 23September, Mr O坦eilly said the investment wouldincrease crude production from the field to around 390,000 b/d from its currentlevel of 250,000 b/d. ChevronTexaco is operator and...
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