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Tengizchevroil

@tengizchevroil.com

Tengizchevroil is a leading company in Kazakhstan that produces oil, gas and associated products that fuels the modern economy.

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About

Description

Tengizchevroil (TCO) is a major energy company based in Kazakhstan. Established in 1993, it is a joint venture between Chevron, ExxonMobil, KazMunayGas, and LukArco, with the Kazakhstani government holding a 20% stake. TCO's headquarters are located in Atyrau, Kazakhstan.


The company's main product is oil, and it operates in the Tengiz and Korolev oil fields in western Kazakhstan. TCO primarily focuses on the production and exploration of crude oil, utilizing advanced drilling technologies and infrastructure to maximize efficiency. It also engages in oil sales and transport, ensuring the sustainable delivery of its products to global markets.


TCO has a global presence through its partnerships and subsidiaries. It has formed strategic alliances with major international oil companies to share knowledge, expertise, and resources. Notably, Chevron and ExxonMobil, two of the world's largest oil companies, lend their extensive experience in exploration, production, and marketing to further TCO's position in the global market.


In terms of market position, Tengizchevroil is one of the largest oil producers and the leading private producer in Kazakhstan. It has a strong foothold in the global energy sector due to its substantial reserves and production capacity. The company competes with other energy giants such as Shell, BP, and Total.


Over the years, TCO has achieved significant milestones. In 2016, it celebrated the production of 3 billion barrels of oil from the Tengiz field since operations began. This noteworthy achievement highlighted the company's successful track record and its commitment to maximizing production.


TCO continues to evolve its strategies and product lineup to adapt to changing market dynamics and technological advancements. As of the latest available information, TCO remains a significant player in the global energy sector, contributing to Kazakhstan's oil production and the country's economy. The company continues to invest in its operations, implementing advanced technologies and environmental initiatives to ensure sustainable growth.


Moreover, TCO plays a crucial role in supporting local communities through social responsibility projects and initiatives aimed at enhancing education, healthcare, and infrastructure development in the region

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Company Type

Partnership

Company Size

1001-5000

Year Founded

1993

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