The Russian oil and gas giant Surgutneftegaz has released the results of its operations in the first quarter of 2003. In the first three months of this year, the company produced 12.871m tons of oil, 11 percent more compared to the first quarter of 2002, the Surgutneftegaz press service reported. In the first quarter of 2003, 220 new wells were brought into operation versus 208 in the corresponding period last year. The volume of gas production reached about 3.546bn cubic meters, 10 percent more than in the first quarter of 2002.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year