No. 37



Chevron Completes Purchase Of Kazak Tengiz Shares

Chevron announced on 29 August that it has completed the purchase of an additional 5% share in the Tengizchevroil (TCO) joint venture from the Kazak Government under the terms of the agreement signed by the two parties last May (MEES, 22 May), raising Chevron's equity in TCO from 45% to 50%. The formal transfer of documents in the new Kazak capital Astana was attended by Kazak Prime Minister Kasymzhomart...