Economy Events Country 2026-01-27T04:28:34+00:00

Resumption of Production at Kazakhstan Oil Facility

Tengizchevroil resumed operations at a Kazakhstan oil facility following a fire, leading to increased oil prices. Analysts anticipate market stabilization.


Resumption of Production at Kazakhstan Oil Facility

Tengizchevroil announced the gradual resumption of production on Monday at a major oil facility in Kazakhstan after more than a week of shutdown due to a fire. This contributed to a rise in oil prices. Company officials confirmed that operations were halted for several days, but they are now gradually returning to normal production levels. Analysts note that the resumption of production at such a significant facility could have a stabilizing effect on global oil prices.