Wednesday, October 17, 2018

Russia's Sakhalin-1 to Raise Sokol Crude Oil Exports

Posted by October 3, 2018

Russia's Sakhalin-1 plans to raise Sokol crude oil exports by 0.2 million tonnes per month to 1.3 million tonnes per month from October, loading schedules seen by Reuters show.

Sokol crude oil loadings for October-December this year are planned at 1.3 million tonnes per month, up from the 1.1 million tonnes planned previously, the schedules show.

Earlier this year Sakhalin-1 was asked by Russian authorities to drop a plan to hike production to 250,000 bpd.

Last week India's ONGC Videsh's managing director said that Sakhalin-1 output is up to 250,000 bpd. ONGC Videsh is a part of the Sakhalin-1 consortium.

Reporting by Olga Yagova

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