Kazakhstan Expects No Annual Losses from Tengiz Downtime, Says Energy Minister

ALMATY – Kazakhstan does not expect to incur losses on an annual basis despite the recent production halt at the Tengiz oil field, Energy Minister Yerlan Akkenzhenov said while commenting on the consequences of the incident during a Jan. 28 briefing. According to the minister, current losses amount to about 900,000 tons of oil. Once repairs are fully completed and the total volume of losses is established, we will provide all the data,” Akkenzhenov said. First Deputy Prime Minister Roman Sklyar also held talks with Managing Director of Chevron’s Eurasia division Derek Magness on Jan. 29. The meeting was attended by Energy Minister Akkenzhenov and KazMunayGas Chairman Askhat Khassenov.