Free Trial
CHINA STOCKS

Property Stocks Performing Well

CHINA PRESS

China Repo Rates Diverge On Monday

CHINA PRESS

Market Expects PBOC To Ease Further - Times

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Rosneft Claim Sakhalin 1 Production Almost Stopped Since May 15

OIL

Following Exxon’s news that it is trying to offload its 30% stake in Sakhalin-1, Rosneft said today that production at the project had almost stopped since May 15.

  • The last oil tanker left the De Kastri sea terminal on May 6 according to Rosneft.
  • "As of now, De Kastri reservoirs are 95% full, oil is not being offloaded (for exports)," Rosneft said.
  • Rosneft said last month production at Sakhalin-1 had fallen to 10,000 bpd form 220,000 bpd, blaming sanctions.
  • The Russian oil company also said they have no information on Exxon’s plans to offload its Sakhalin-1 stake.
97 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Following Exxon’s news that it is trying to offload its 30% stake in Sakhalin-1, Rosneft said today that production at the project had almost stopped since May 15.

  • The last oil tanker left the De Kastri sea terminal on May 6 according to Rosneft.
  • "As of now, De Kastri reservoirs are 95% full, oil is not being offloaded (for exports)," Rosneft said.
  • Rosneft said last month production at Sakhalin-1 had fallen to 10,000 bpd form 220,000 bpd, blaming sanctions.
  • The Russian oil company also said they have no information on Exxon’s plans to offload its Sakhalin-1 stake.