ChevronTexaco has confirmed that it and its partners in Tengizchevroil (TCO) have reached an agreement to further develop the Tengiz field in Kazakhstan. Tengizchevroil is a joint venture partnership of ChevronTexaco (50%), ExxonMobil (25%), Kazmunaigaz (20%) and LukArco (5%) formed to develop Tengiz. The partners have agreed to immediately reactivate the expansion of TCO’s Second…

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