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Archive for September 2nd, 2006

Russia welcomes China to join in offshore oil, gas exploration

Russia is hoping that China would join in the exploration of oil and gas reserves in its far east Sakhalin island, a senior Russian official said.
The official with the Sakhalin provincial government made the remarks in Changchun Saturday at a northeast Asia trade expo. He said that Chinese investors are welcomed to develop the rich [...]

Saturday, September 2nd, 2006

Exxon field lifts Russian Aug oil output to record

Russian crude oil production edged up 0.9 percent to a new all-time high of 9.759 million barrels per day in August, largely thanks to the Exxon-led Sakhalin-1 field coming on stream.
Sakhalin-1 aims to be pumping 250,000 bpd by the end of the year, so the output record could be overtaken again within months if production [...]

Saturday, September 2nd, 2006

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