Kazakhstan’s Tengiz Oilfield Comes Back Online Following Power Plant Fire

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The Tengiz oilfield in Kazakhstan has resumed production after a temporary shutdown due to a fire, with the consortium aiming to gradually increase production volumes.

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Market impact analysis based on bullish sentiment with 90% confidence.

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Bullish
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90%
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The Chevron-led consortium operating the giant Tengiz oilfield in Kazakhstan has resumed production at the site following a fire on January 18 that forced a temporary shutdown. “Tengizchevroil confirms the safe start-up of the power distribution system and the initial stage of resuming crude oil production. TCO is working to gradually increase production volumes as conditions allow,” the Tengizchevroil consortium said in a statement on Monday carried by Reuters. Tengizchevroil’s shareholders include Chevron with a 50% stake,…

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المقال الأصلي منشور بواسطة OilPrice.com في يناير 26, 2026.
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