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Chevron-Led Kazakh Venture Boosts Output as Power Restored

Tengizchevroil LLP, a Chevron Corp (CVX).- led Kazakh oil venture, will reach full production as soon as possible after power at gas-processing and injection plants was restored.

“Operations at Tengiz partially lost electric power on Jan. 3 due to a malfunction in one of its power-generation turbines and failure” of the Kazakhstan Electricity Grid Operating Co.’s system, Atyrau-based Tengizchevroil said today in an e-mailed statement without giving a specific date for full production.

The Astana-based grid operator said in a separate e-mail that the problem was with the venture’s electricity lines.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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