Yuzno.com

India plans to pitch for projects in the Russian Far East during a visit by Indian Petroleum and Natural Gas Minister Murli Deora, news reports said.
The Web site of state-run broadcaster Doordarshan reported Monday that Deora, during a visit to Moscow later this month, will make a pitch for Indian firms’ participation in future Sakhalin […]

Russia will auction off oil and gas blocks of the Sakhalin-3 project as strategic deposits, Resources Minister Yuri Trutnev said on Monday, signalling that foreign access to the project will be limited.
“Sakhalin-3 should be part of strategic (fields),” he told a news conference.
U.S. oil major Exxon Mobil has long hoped to revive its involvement in […]

Gazprom moved Friday for the government to waive competitive bidding procedures when issuing licenses to develop natural gas deposits, eyeing the Sakhalin III project in the Far East.
Alexander Ananenkov, a deputy chairman of the Russian energy giant’s management committee, told a parliamentary commission: “We would like a law to be passed under which licenses would, […]

Russian energy giant Gazprom said it aims to become a major oil and gas producer and distributor on Sakhalin Island in Russia’s Far East.
Alexander Medvedev, deputy chairman of the Gazprom management committee, said Thursday the company was interested in buying the entire gas output under the Sakhalin I project.
The project, operated under a production-sharing agreement […]

State controlled Russian oil giant OAO Rosneft has taken a controlling stake in a joint venture with China’s Sinopec to pump oil from the seabed around the Pacific island of Sakhalin.
Rosneft said in a statement posted on its Web site that the two companies signed an agreement on Monday that will see Rosneft’s share in […]

The Russian and Chinese oil companies, Rosneft and Sinopec, has begun talks on setting up a joint venture on the Sakhalin Island.
The companies are members of the oil and gas offshore project Sakhalin-3.
In last year’ summer, the Chinese sea platform Kantan-3 began drilling an exploration oil well off the Sakhalin coast and opened up promising […]