NEWSLINK Reuters: “Factbox: How Russia is ramping up its oil output in 2016-2017”

Oil Well file photo

… Putin, who has pledged to join a global pact to cap oil output, gave the green light on Monday to start production at a new Caspian Sea field owned by country’s No.2 oil producer Lukoil, the second launch in a week. Russian oil production is expected to reach 547 million tonnes this year (10.95 million barrels per day), rising to 548 million tonnes in 2017. … Russia’s new or planned fields … Trebs and Titov, Phase 2 … Novy Port … Messoyakha … Pyakyakhinskoye … Filanovsky … Suzun … Kuyumbinskoe

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