Russia’s Aging Infrastructure Threatens Oil Output Pact

MOSCOW—Russia’s adherence to a hard-fought oil production deal with Saudi Arabia and the U.S. could be imperiled by its aging industrial ...


MOSCOW—Russia’s adherence to a hard-fought oil production deal with Saudi Arabia and the U.S. could be imperiled by its aging industrial infrastructure and the unique challenges of winding down a broad network of wells across its vast land mass.

Moscow, Riyadh and Washington agreed in early April to lead a multinational coalition that aims to cut 13% of global oil production through the end of June. The curbs are meant to address a sharp drop in demand due to global travel restrictions and business shutdowns to prevent the…

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Newsrust: Russia’s Aging Infrastructure Threatens Oil Output Pact
Russia’s Aging Infrastructure Threatens Oil Output Pact
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Newsrust
https://www.newsrust.com/2020/04/russias-aging-infrastructure-threatens.html
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https://www.newsrust.com/2020/04/russias-aging-infrastructure-threatens.html
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