Russia could have a difficult time complying with an extended OPEC output cut - Reuters
Citing sources familiar with the plan, "oil output from Russia's Sakhalin-1 project is set to rise by about a quarter to 250,000-260,000 barrels per day (bpd) from January, signalling Moscow may find it hard to comply with an extended OPEC output cut," Reuters reported on Monday.
The Sakhalin-1 project, operated by ExxonMobil off the coast of Sakhalin island in Russia's Far East, currently produces about 200,000 bpd.
Production will increase to 260,000 bpd in the March quarter from about 190,000 bpd in 2017, according to one of the sources.
The joint venture has opted to "front load" production and may cut it later if permission is not granted to keep the annual average intact.