TCO to press ahead with expansion plans at Tengiz, despite low oil prices

    By Yerbolat Uatkhanov     The twofold drop in oil prices on the world market has not changed the investment strategy of Tengizchevroil, a joint venture between Chevron (50 %), ExxonMobil (25%), KazMunaiGas (20%) and LUKoil (5%).     Tengizchevroil (TCO) is engaged in another major expansion at its Tengiz field in the Atyrau Oblast...