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.