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Sakhalin-I earns Russia almost $5 bln

The Sakhalin-I oil and gas project has proved to be a good example of the Russian-American cooperation as part of the Russian American Pacific Partnership (RAPP) forum.

The project has produced more than 41 million tons of oil since 2005, more than 7.6 billion cubic meters of natural gas were supplied to Russia’s Khabarovsk district.

These figures were unveiled by the head of the Exxon Neftegas Limited company, James Taylor, during the RAPP meeting in Petropavlovsk-Kamchatsky.

Mr. Taylor praised Russian experts for their contribution to the success of the Sakhalin-I project. He added that the Russian federal budget received over $4.9 billion in royalties and taxes since the Sakhalin-I was launched in 2005.

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