TENGIZ, Kazakhstan – In spite of the plunging oil prices, the international consortium TengizChevroil has embarked on a massive construction endeavor under the Future Growth Project – Wellhead Pressure Management Project (FGP-WPMP) at the Tengiz field in Western Kazakhstan.
When the project is completed, oil production there will grow by 12 million tonnes a year, from 27 million tonnes to 39 million tonnes. The total new investment in the Tengiz project is expected to range from $37 billion t...
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