https://en.encyclopedia.kz/index.php?action=history&feed=atom&title=TengizchevroilTengizchevroil - Revision history2026-07-03T07:20:35ZRevision history for this page on the wikiMediaWiki 1.23.15https://en.encyclopedia.kz/index.php?title=Tengizchevroil&diff=8238&oldid=prevModerator: 1 revision2026-05-16T20:03:03Z<p>1 revision</p>
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</td></tr></table>Moderatorhttps://en.encyclopedia.kz/index.php?title=Tengizchevroil&diff=8237&oldid=prevLklundin: /* External links */ {{Portal|Kazakhstan|Energy}}2017-03-30T20:34:44Z<p><span dir="auto"><span class="autocomment">External links: </span> {{Portal|Kazakhstan|Energy}}</span></p>
<p><b>New page</b></p><div>'''Tengizchevroil''' is a joint venture between [[Chevron Corporation|Chevron]] (50% share in the consortium), [[ExxonMobil]] (25% share), [[KazMunayGas]] (20% share) and [[LukArco]] (5% share). The joint venture was formed in April 1993, when the Kazakhstan government granted an exclusive 40-year right to Tengizchevroil LLP (TCO) to develop the [[Tengiz Field|Tengiz]] and [[Korolevskoye Field|Korolevskoye]] [[oil field]]s located in the north-eastern reaches of the [[Caspian Sea]] in [[Kazakhstan]].<br />
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== History and operations ==<br />
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From a two-company joint venture in 1993 (between Kazakhstan state oil company KazakhOil, now KazMunayGas, and the USA company Chevron) Tengizchevroil expanded in 1996-1997 into a four-company consortium: ExxonMobil Kazakhstan Ventures, an ExxonMobil subsidiary, and LukArco, a joint venture between [[Lukoil]] of Russia and [[Atlantic Richfield]] (Arco) of the USA, acquired 25% and 5% respectively. Since 2000 British [[BP]] had a part in it as well, since BP merged with Arco and took its 46% share in LukArco. In December 2009, BP sold its stake to Lukoil and thereafter Lukoil became a sole shareholder of LukArco.<ref>[http://uk.reuters.com/article/idUKGEE5BA27N20091211 Lukoil buys BP stake for $1.6 bln cash]</ref><br />
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In January 2014, the firm reported a record rise in output to 27.1 million tonnes from 24.2 million tonnes.<ref>{{Citation<br />
| url = http://www.reuters.com/article/2014/01/27/oil-kazakhstan-tengizchevroil-idUSL5N0L11CD20140127<br />
| title= Chevron-led Kazakh oil firm hits record output in 2013<br />
| year = 2014<br />
| publisher = [[Reuters]]<br />
| publication-place = International<br />
}}</ref><br />
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== References ==<br />
<references /><br />
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==External links==<br />
{{Portal|Kazakhstan|Energy}}<br />
* [http://www.tengizchevroil.com/ http://www.tengizchevroil.kz/]<br />
* [http://www.unitedworld-usa.com/reports/kazakhstan/tengizchevroil.asp ‘When there’s a challenge, we face it head on’ - Interview by Alexander Cornelius, CEO of TengizChevroil], by United World. 27 April 2006<br />
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[[Category:Oil and gas companies of Kazakhstan]]<br />
[[Category:Joint ventures]]<br />
[[Category:Companies established in 1993]]<br />
[[Category:ARCO]]<br />
[[Category:ExxonMobil subsidiaries]]<br />
[[Category:Chevron Corporation]]<br />
[[Category:Lukoil]]<br />
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{{Kazakhstan-stub}}<br />
{{petroleum-company-stub}}</div>Lklundin