Kazakhstan's TCO increases oil output by 25% in the first quarter

MOSCOW, May 15 (Reuters) - Kazakhstan's Tengizchevroil (TCO) increased its oil output at the giant Tengiz oil field by 25% in the first quarter of 2025 to 74.5 million barrels, or 9.37 million metric tons, it said in its quarterly report on Thursday.

Tengizchevroil is owned by Chevron CVX.N with a 50% stake, ExxonMobil XOM.N with 25%, Kazmunaigaz KMGZ.KZ with 20%, and Lukoil LKOH.MM with 5%.

TCO said it has been gradually increasing oil output at Tengiz, with its full capacity level at the field expected to be 870,000 barrels per day, or 40 million tons a year.