Russia’s main oil-producing region of Khanty-Mansiisk (Yugra) in West Siberia significantly ramped up oil well drilling in the month of March, Reuters has reported. The region--which accounts for 40% of Russia’s oil production--launched 402 new wells last month, up 34% from February and higher than the monthly average of 365 new wells drilled in 2022. Last year, the region was responsible for 223 million tonnes of oil and gas condensate (4.5 MMbbl/d) out of Russia's total 535 million tonnes. There are growing fears that Russian oil…
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