Tengizchevroil outlook worsens as Kazakhstan’s oil export obstacles deepen


Kazakhstan’s largest oil producer, Tengizchevroil, has had its outlook downgraded because of expected disruption to its key oil export route via Russia, despite government optimism the route would return to capacity soon.

International credit rating agency S&P Global said in its latest report that the Chevron-led company’s reliance on the Caspian...