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Monday 22 September 2014

#Russia: One-Fifth of Russia's #OilProduction Is at Risk Due to #Sanctions


  • Gazprom Neft's Prirazhlomnaya oil rig last year became the first to begin pumping oil from Russia's Arctic shelf.
    Photo: Gazprom


Some 100 million tons of annual oil production — or about 20 percent Russia's total oil output — is at risk because of sanctions related to the supply of Western technology and expertise to Russia, Vagit Alekperov, the head of Russia's No. 2 oil company, said Friday... (Read more)

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