In July 2016, TCO Partners announced approval for the final investment decision of the Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP), the next major expansion of the Tengiz oil field.
As part of FGP-WPMP project plans it is important for us to keep transparent two-way communication with our lenders. TCO is implementing a lender relations process to ensure that stakeholders will have ongoing opportunities to ask questions, comment and provide feedback.
Our focus is to keep an open dialogue with our lender base and timely respond on questions. In addition to the information found under the Company tab, we are happy to assist you with quick and reliable responses.
On December 11, 2024, Tengizchevroil LLP (TCO) and KMG PetroChem LLP, a subsidiary of NC KazMunayGas JSC, signed a Dry Gas Purchase and Sale Agreement, within the framework of which TCO will supply up to 9 billion cubic meters of dry gas per year to a gas processing plant in the Atyrau Oblast. Let us remind, that TCO and KMG Petrochem have signed a Heads of Agreement Tengizchevroil and KMG PetroChem Signed Heads Of Agreement On “Gas Separation Complex” Project
“Thanks to the revision of a number of conditions of the previously signed agreement, we are one step closer to implementing strategically important oil and gas chemical projects for Kazakhstan - the Gas Separation Complex and polyethylene plant. These projects are primarily aimed at furthering the industrial and economic development of the country,”- said Askhat Khassenov, Chairman of the Management Board of KazMunayGas.
According to the updated conditions of the agreement, the Gas Separation Complex project is expected to recover at least 98% of ethane from dry gas, which will serve as feedstock for the polyethylene production plant (Polyethylene Project in Atyrau Oblast, Karabatan), with a capacity of 1.25 million tons per year.
“TCO is a key supporter of the Republic of Kazakhstan’s energy industry, including its strategy to develop its petrochemical industry. The signing of the updated dry gas supply agreement for the Gas Separation Complex project is a significant milestone for Kazakhstan’s petrochemical industry, and this is the third project in which TCO will be a major supplier of related feedstocks,” - said Kevin Lyon, General Director of Tengizchevroil LLP.
TCO continues to play a leading role in helping to meet the Republic of Kazakhstan’s growing demand for gas, in the countries’ petrochemical industry as well as for domestic needs. All of TCO produced sales gas is supplied to the domestic market.
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KMG PetroChem LLP (formerly KLPE LLP) is a 100% subsidiary of NC KazMunayGas JSC. The company implements and coordinates projects in the field of oil and gas chemistry within the KMG Group. KMG PetroChem's activities include the development of a projected polyethylene plant and Gas Separation Complex, as well as other oil and gas chemical projects.
Tengizchevroil LLP (TCO) is a Kazakhstani partnership that develops, produces, and markets crude oil, LPG, dry gas, and sulfur. TCO implements modern technologies and conducts its operations in accordance with world-class safety and environmental standards. In April 1993, TCO was formed between the Republic of Kazakhstan and Chevron Corporation. Partners are Chevron, 50 percent; KazMunaiGas NC JSC, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent and Lukoil, 5 percent.
On December 11, 2024, Tengizchevroil LLP (TCO) and KMG PetroChem LLP, a subsidiary of NC KazMunayGas JSC, signed a Dry Gas Purchase and Sale Agreement, within the framework of which TCO will supply up to 9 billion cubic meters of dry gas per year to a gas processing plant in the Atyrau Oblast. Let us remind, that TCO and KMG Petrochem have signed a Heads of Agreement Tengizchevroil and KMG PetroChem Signed Heads Of Agreement On “Gas Separation Complex” Project
“Thanks to the revision of a number of conditions of the previously signed agreement, we are one step closer to implementing strategically important oil and gas chemical projects for Kazakhstan - the Gas Separation Complex and polyethylene plant. These projects are primarily aimed at furthering the industrial and economic development of the country,”- said Askhat Khassenov, Chairman of the Management Board of KazMunayGas.
According to the updated conditions of the agreement, the Gas Separation Complex project is expected to recover at least 98% of ethane from dry gas, which will serve as feedstock for the polyethylene production plant (Polyethylene Project in Atyrau Oblast, Karabatan), with a capacity of 1.25 million tons per year.
“TCO is a key supporter of the Republic of Kazakhstan’s energy industry, including its strategy to develop its petrochemical industry. The signing of the updated dry gas supply agreement for the Gas Separation Complex project is a significant milestone for Kazakhstan’s petrochemical industry, and this is the third project in which TCO will be a major supplier of related feedstocks,” - said Kevin Lyon, General Director of Tengizchevroil LLP.
TCO continues to play a leading role in helping to meet the Republic of Kazakhstan’s growing demand for gas, in the countries’ petrochemical industry as well as for domestic needs. All of TCO produced sales gas is supplied to the domestic market.
***
KMG PetroChem LLP (formerly KLPE LLP) is a 100% subsidiary of NC KazMunayGas JSC. The company implements and coordinates projects in the field of oil and gas chemistry within the KMG Group. KMG PetroChem's activities include the development of a projected polyethylene plant and Gas Separation Complex, as well as other oil and gas chemical projects.
Tengizchevroil LLP (TCO) is a Kazakhstani partnership that develops, produces, and markets crude oil, LPG, dry gas, and sulfur. TCO implements modern technologies and conducts its operations in accordance with world-class safety and environmental standards. In April 1993, TCO was formed between the Republic of Kazakhstan and Chevron Corporation. Partners are Chevron, 50 percent; KazMunaiGas NC JSC, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent and Lukoil, 5 percent.
