Sakhalin-1 Crude Exports Rise

摘要

Exports of Sokol crude oil from Russia's Sakhalin-1 project are rising as production picks up after US major Exxon Mobil's recent exit from the project. Exports from the 200,000 b/d Sakhalin-1 project stopped in May when Exxon declared "force majeure"-apparently out of concerns about using tankers owned by Russian shipping giant SovcomUot, which is subject to Western sanctions. Exxon quit the project after a new Russian operating company was set up for the project in accordance with a presidential decree.