Weekend oil news – Output at Kazakhstan’s Tengiz oilfield is being gradually restored

Tengiz is Kazakhstan’s largest oilfield. Production was trimmed due to diruptions from protest actions in the country.

Latest from Chevron, the largest foreign oil producer in Kazakhstan with a 50% stake in the Tengizchevroil joint venture

• “TCO is safely and gradually increasing production to reach normal rates”

—

Kazakhstan had an output around 1.6 m barrels per day in recent months.

TCO produces around 700,000 bpd.