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Archive for October 4th, 2006

Kremlin attack dog vows to take on Shell in the battle of Sakhalin

The struggle to wrest control of resources from western companies is the backdrop to tension in Russia and Africa

It was a face-off that seemed to encapsulate the growing conflict between a bullish Kremlin and the foreign oil companies working in Russia. On one side was Oleg Mitvol, 6ft 2in and dressed in a black coat, [...]

Wednesday, October 4th, 2006

UK ambassador: Attacks on Sakhalin Energy may harm Russia’s reputation

Anthony Brenton, U.K. ambassador to Russia, said Wednesday that if Russian authorities' attacks against oil and gas producer Sakhalin Energy continue Russia's business reputation as an energy supplier and its investment climate may be damaged.
He added that Sakhalin Energy had a good environmental protection program.
Sakhalin Energy is the operator of Russia's Sakhalin-2 oil and gas [...]

Wednesday, October 4th, 2006

Kremlin official: Sakhalin Energy needs another tax regime

The Kremlin's chief adviser said Wednesday that oil and gas producer Sakhalin Energy should switch to the normal taxation regime from the regime stipulated by its production sharing agreement (PSA) if it wanted to increase its spending plan.
If Sakhalin Energy does not want to pull out of the PSA it should comply with its terms, [...]

Wednesday, October 4th, 2006

Rosneft denies talking to ONGC on Sakhalin-1 stake

Russia's Rosneft denied a newspaper report on Wednesday it was in talks to buy ONGC out of the Exxon Mobil-led Sakhalin-1 oil field to help the Kremlin regain state control of the huge project.
"Rosneft has no plans to increase its share in the Sakhalin -1 project," the company's spokesman told Reuters.
Russia's RBK Daily newspaper quoted [...]

Wednesday, October 4th, 2006

Environmental violations on Sakhalin

"I have seen so many gas and oil pipelines in different countries, but I have never witnessed the construction methods used by the Sakhalin Energy company in Russia," said Deputy Director of Russia's Federal Service for Environmental Supervision (FSES or Rosprirodnadzor in Russian abbreviation) Oleg Mitvol, addressing a news conference in Yuzhno-Sakhalinsk.

"There is no doubt [...]

Wednesday, October 4th, 2006

Russia Has Dim View of Sakhalin-2 Hike

Russian officials have suggested that the government will not accept a doubling of costs at a giant oil and gas venture, news agencies reported Wednesday, as the Kremlin appeared to turn up pressure on project leader Royal Dutch Shell PLC.
Arkady Dvorkovich, President Vladimir Putin's economic adviser, said the government took a dim view of Sakhalin-2's [...]

Wednesday, October 4th, 2006

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