EM CEEMEA CREDIT: Tengiz: Boosts oil production 25% in Q1

May-15 12:55

Tengizchevroil (Tengiz:-/BB+/-) 

“Kazakhstan's Tengizchevroil boosts oil production 25% in Q1”- BBG

  • Positive for Tenizchevroil but also for KazMunayGas (Baa1/BB+/BBB) and for Republic of Kazakhstan (Baa1/BBB-/BBB).
  • Kazakhstan's Tengizchevroil (KazMunayGas owns 20%) reporting crude oil production +25% to 9.35mn metric tonnes (around 74.5mn boe) in Q125.  Tengizchevroil states that direct payments to the Republic of Kazakhstan were USD1.7bn during the quarter. No further details were given.

Historical bullets

MNI: US REDBOOK: APR STORE SALES +6.6% V YR AGO MO

Apr-15 12:55
  • MNI: US REDBOOK: APR STORE SALES +6.6% V YR AGO MO
  • US REDBOOK: STORE SALES +6.6% WK ENDED APR 12 V YR AGO WK

US TSY FUTURES: BLOCK: Jun'25 10Y Sale

Apr-15 12:54
  • -6,752 TYM5 110-21, post time bid at 0848:45ET, DV01 $436,000.
  • The 10Y contract trades 110-20.5 last (-3.5)

EURIBOR OPTIONS: Latest Option trades

Apr-15 12:53
  • ERM5 98.1875/98.0625ps 1x1.5, bought for 3.25 and 3.5 in 9k.
  • ERM5 98.12/98.25/98.37c fly, bought for half in 4k.