Tengizchevroil Expansion

The $16 billion proceeds will be used by Tengizchevroil, the Chevron-led oil and gas partnership based in Kazakhstan for its expansion project. Tengizchevroil is owned by Chevron (50%), ExxonMobil (25%), state oil and gas company KazMunayGas (20%) and Lukoil's subsidiary LukArco (5%).The...

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