Russia's biggest oil field stops production
Published: 26 November, 2007, 12:19
Oil and gas production has been stopped at Sakhalin-2 earlier than normal this year because of severe weather in the Far East.
The management of the project decided to suspend drilling after a storm damaged its offshore facility.
Sakhalin-2, one of the world’s largest oil and gas projects, usually continues working until the middle of December, when the sea freezes.
The plant pumps 80 000 barrels of oil per day and stopping production early will cost the company more than $US 100 million.
26.11.2007, 10:44
Interview with Tim McCutcheonTycoon Mikhail Prokhorov has agreed to sell a blocking stake in mining giant Norilsk Nickel to Russian Aluminium (Rusal). Tim McCutcheon, a partner at investment consultancy DBM Capital, spoke to RT about the deal. |
26.11.2007, 12:30
Russia's metal majors to form a super-giant?Shares in Norilsk Nickel rose on Monday as the market welcomed news it had another potential buyer. Russia's aluminium major Rusal has offered to buy a 25% stake in the metals company. |
