Moscow — Oil production at Russian Pacific island of Sakhalin is expected to fall by 44% this year to around 9 million tonnes (180,000 bpd), Interfax news agency cited a local official on Monday.
Oil output at Sakhalin, which produces Sokol grade for exports to Asia, collapsed after the U.S. energy major Exxon Mobil left Russia following the start of Moscow’s special military operation in Ukraine on Feb. 24.
Alexei Uspensky, Sakhalin’s minister foe economic development, said oil output was 16 million tonnes (320,000 barrels per day) in 2021, according to Interfax.
In 2023 – 2025 the output will reach 14 million tonnes per year, which is 57% more than in 2022, he said.
Output decline in Sakhalin has contributed to Russia’s sluggish oil output this year.
Russia’s January-November oil and gas condensate production rose 2.2% from a year earlier to 488 million tonnes.
(Reporting by Vladimir Soldatkin, Editing by Louise Heavens) – Reuters
Follow us on twitter
