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. Last Updated: 07/27/2016

Speculation of Shtokman Delay Not Refuted

Statoil’s spokeswoman Mari Dotterud declined to comment on a report in the Wall Street Journal saying production at the Shtokman project will be delayed by two years.

“It is Shtokman Development who should comment on any time frame, being the operator,” Dotterud said on the phone. “We will have a new board meeting before the end of the year. Until then, our focus is to develop the project.”

(Bloomberg)