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Archive for September 6th, 2006

Russian deputy minister says won’t tear up Sakhalin PSAs

Russia won't tear up existing production sharing agreements, Deputy Minister of Economic Develpment and Trade Kirill Androsov said Wednesday, Russian news agency RIA Novosti reported.

The statement comes as Russian state environmental officials have been threatening to halt the development of a massive oil and gas PSA on Russia's Pacific coast called Sakhalin-II, leading analysts to [...]

Wednesday, September 6th, 2006

No grounds to expand Sakhalin I so far

Russia's deputy natural resources minister said Wednesday there are no grounds for expanding the production area under the Sakhalin I oil project near the Far Eastern island of Sakhalin at the moment.
Alexei Varlamov met with Ben R. Haynes, President of ExxonMobil Russia Inc., which runs the project implemented under a production-sharing agreement (PSA), who said [...]

Wednesday, September 6th, 2006

Ministry plans to finish probe into Sakhalin-II by end of year

Russia's economics ministry is hoping to finalize a review of the feasibility study of the Sakhalin-II energy project off the country's Pacific coast by the end of the year, the deputy economics minister said Wednesday.
Costs on Sakhalin II have reportedly doubled to about $20 billion, with rising commodity prices across the world, leading Gazprom to [...]

Wednesday, September 6th, 2006

Japan’s potential investment in Russia estimated at $50bln

Japan could invest up to $50 billion in Russia's economy, a deputy minister of economic development and trade said Wednesday.
Hundreds of representatives of the business community and government circles have convened in St. Petersburg for the first Russian-Japanese investment forum, which opened Wednesday.
Kirill Androsov was upbeat on the future of ties between the two countries. [...]

Wednesday, September 6th, 2006

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