Russia: Sakhalin-1 Oil Project's July Production Crater Was Due to Lack of Western Insurance

According to recent reporting from Russian newspaper Kommersant, the July drop in oil production at the then-ExxonMobil-led Sakhalin-1 oil project in Russia was due to ExxonMobile's refusal to work with Russian state-owned tanker company Sovcomflot once Western insurers stopped providing coverage to ​​the company, Reuters reported Oct. 17....