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Sakhalin-1 Producing at 200,000 bpd: ONGC

OIL

Russia’s Sakhalin-1 project is producing at peak levels of 200,000 bpd according to prior Indian project partner ONGC.

  • ONGC hopes to reclaim its 20% stake in the project in the coming months after some 'terms and conditions' are fulfilled.
  • ONGC applied to the new Russian operator of the project to retain its stake last year after it moved to the new ownership structure after western sanctions.

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