Russia Restores Output At Major Oil Project After Exxon’s Exit ...Middle East

Russia has ramped up oil production from the Sakhalin-1 project and expects the field to soon pump at the full level of 220,000 barrels per day (bpd) after the project’s previous operator, U.S. supermajor ExxonMobil, quit Russian operations, an industry source with knowledge of the situation told Reuters on Monday. Currently, oil production at Sakhalin-1 is around 150,000 bpd, or 65% of its capacity, according to Reuters’ industry source. Output is set to hit the 220,000 bpd peak level in “three to four weeks,” the source…

Hence then, the article about russia restores output at major oil project after exxon s exit was published today ( Monday 09/01/2023 - 06:33 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Russia Restores Output At Major Oil Project After Exxon’s Exit )

Also on site :

• Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist
• Energy Security Concerns Force the EU to Reconsider Domestic Gas Drilling
• Quorum Federal Credit Union Announces its 2026 Board Officers