The United States has added a Russian oil and gas field, the Yuzhno-Kirinskoye Field, to its list of energy industry sector sanctions prompted by Moscow’s actions in Ukraine.
The federal government said on Thursday the field, located in the Sea of Okhotsk of the Siberian coast and owned by Russia’s leading gas producer Gazprom, contains substantial reserves of oil in addition to reserves of gas.
“The Yuzhno-Kirinskoye Field is being added to the Entity List because it is reported to contain substantial reserves of oil,” according to a rule notice in the Federal Register. Gazprom declined to comment.
Adding the field to the …read more
Source: Daily News & Analysis
