Tengizchevroil has increased in 1999 production of an oil at 16 % up to 9,59 millions t

/PRIME TASS, Feb. 10, 00/ - In 1999 Tengizchevroil has extracted 9.59 million tons of oil against 8.3 million in 1998, the company have informed on Thursday PRIME TASS. In 2000 it is planned to extract 10.4 million of oil, in 2001 - 11.97 million, in 2002 - 12.39 million. All volume of oil is exported. Joint venture Tengizchevroil includes: Kazakhstan /25%/, American companies Chevron /45%/ and Mobil /25%/, and Russian-American joint venture Luk Arco /5%/. TENGIZCHEVROIL administration have informed also, that in 2000 Chevron plans to investment in fixed assets and prospecting 5.2 billion dollar, that is by 16.5% less, than it was in 1999. From them 420 million will be directed on oil transportation and rest, mainly, on Tengiz - Novorossisk pipeline construction, which should be completed to the middle of 2001.