Tengizchevroil (TCO), which operates Kazakhstan’s Tengiz oil field, plans to produce up to 40 million tons of oil by the end of 2026, according to Kazakhstan’s Ministry of Energy.
In 2025, TCO produced 39 million tons of oil. In the first half of 2026, TCO produced 16.6 million tons of oil. At that pace, annual production would total about 33.2 million tons.
Expansion reaches full capacity
TCO has reached its design capacity following completion of the largest expansion phase of the Tengiz field.
“Daily oil production has reached approximately...