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Giant oil project postponed

Published September 4, 2008
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MOSCOW, Sept 3 Russias top oil producer Rosneft has postponed the opening of its giant Vankor oil field from end of 2008 until mid-2009, one of its directors was quoted as saying on Wednesday.

“The postponement of the launching of this project is linked to its enlargement,” Russias Interfax news agency quoted the groups vice-president Mikhail Stavsky as saying.

The Vankor field in western Siberia has proven reserves estimated at 135 million tons of oil and 70 billion cubic metres (2.5 trillion cubic feet) of gas.—AFP

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