December 28, 2015 / 5:40 AM / 3 years ago

Kazakh Tengizchevroil expansion to cost $30 bln - minister

ASTANA, Dec 28 (Reuters) - Chevron-led TengizChevroil (TCO), Kazakhstan’s biggest oil producer, estimates the cost of its expansion project at about $30 billion, Kazakh Economy Minister Yerbolat Dosayev told the parliament on Monday.

Kazakh officials said earlier this year TCO was working on reducing the cost from the original estimate of $38 billion. The project aims to boost production to 38 million tonnes a year by 2021 from the current level of about 27 million tonnes. (Reporting by Raushan Nurshayeva; Writing by Olzhas Auyezov; editing by Polina Devitt)

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