TCO Suspends Tengiz Expansion Plans Over Financing Dispute With Kazak Government
ChevronTexaco, operator of Kazakstans giant Tengiz oilfield, announced on 14 November the suspension of plans to expand the oilfields production capacity through the Second Generation (SG) and Sour Gas Injection (SGI) projects. The San Francisco-based company leads the TengizChevroil (TCO) consortium with 50% of the shares, while the remainder is held by ExxonMobil (25%),...
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