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Sakhalin-1 Production Ramp-Up Remains Unclear: ONGC

OIL

India’s ONGC said today there is still no clarity on the resumption of its oil and gas project at Sakhalin-1.

  • The project has been producing at minimal levels since the start of the Ukraine invasion.
  • Russia claim that sanctions made it difficult to ship crude from the project.
  • ONGC holds a 20% stake in the project.

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