What happened to Russia’s Crude oil production in 2023?
in the first two months of 2023. Russia then announced a 500 kbpd voluntary output cut for crude oil from March 202333, to be measured against the output in February 2023, and overall production fell to just above 10.5 mmbpd in March, as confirme
What is the long-term outlook for Russian oil production?
k for Russian Oil1.1 IntroductionThe longer-term outlook for Russian oil production is extremely uncertain. The IEA¡¯s World Energy Outlook 2022 postulates a 2 mmbpd drop for Russia¡¯s oil producti
What is Vostok oil project?
ft has been active for many years. The Vostok Oil project, promoted by Rosneft, is based on the production potential of 13 oil and gas fields on the Taimyr peninsula and in the northern part of Krasnoyarsk kray, some of them already producing, like the fields in the Vankor cluster, and some being new developments in t
Why did Bunge sell its sunflower plant in Russia?
Bunge Ltd. sold its sunflower-crushing plant in Russia, marking the biggest oilseed processor¡¯s exit from the country in response to the invasion of Ukraine. In addition to the plant in the Voronezh region, Bunge sold the regional rights to vegetable-oil brands including Oleina and Ideal, the company said Monday.