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Archive for February 6th, 2008

Oil, gas output hit record level in Russia’s Far East in 2007

A record 14.9 million metric tons (109 million barrels) of crude were produced off Sakhalin Island in the Russian Far East in 2007, the regional statistics service said on Tuesday.
"The Sakhalin Region produced 14.9 million metric tons of oil last year, or 8.7 million metric tons (64 million barrels) more than in 2006. Average daily [...]

Wednesday, February 6th, 2008

U.K. Stalls on Sakhalin

The U.K. has yet to reach a decision on a $1 billion loan for the Sakhalin-2 oil and natural-gas development off Russia’s Pacific coast after four years of deliberating.
Britain’s Export Credit Guarantee Department hasn’t decided if the project meets its environmental criteria, ECGD Director of Communications Steve Robert-Mee said Thursday in an interview in London. [...]

Wednesday, February 6th, 2008

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