East Siberian oilfields are let off the Opec leash
Russia's remote eastern fields are ramping up as production shackles come off, but also to drive the growth that mature provinces can’t
Russia's icy east Siberian region looks set to further hot up as an oil production centre, boosting output both in the short term following the country's June agreement with Opec to relax production quotas; and in the more medium-term as its increasing output offsets declines in more mature basins. Rosneft, Russia's largest producer with a 40% share of the nation's crude output, is kickstarting several new east Siberian fields, having postponed start-ups in the wake of the November 2016 Russia-Opec deal. The Kremlin-controlled producer admitted in August that it had been increasing output since late May in anticipation of a relaxation of the pact. Rosneft alone has the capacity to increase o
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
