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Kazakhstan’s TCO ships first oil to Germany via Russian pipeline

Published 27/06/2025, 11:20
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Investing.com -- Kazakhstan’s Tengizchevroil (TCO) has exported its first oil shipment to Germany through Russia’s Druzhba pipeline, according to a Reuters report on Friday. The company delivered 100,000 metric tons of oil last month as it increases production.

TCO operates Kazakhstan’s largest oilfield, Tengiz, and is owned by a consortium of international energy companies. Chevron (NYSE:CVX) holds the largest stake at 50%, while ExxonMobil (NYSE:XOM) owns 25%. Kazakhstan’s state oil company KazMunayGaz controls 20%, and Russian oil producer Lukoil holds the remaining 5%.

The shipment marks a new export route for Kazakh oil to European markets through the Russian pipeline network. TCO is working to expand its production capacity at the Tengiz field, which is now sending oil to the German market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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