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Archive for October 6th, 2006

Russia audit chamber joins attack on Exxon Sakhalin

Russia's audit chamber, a state agency which supervises the use of government finances, said on Friday the Exxon Mobil-led Sakhalin-1 energy project has broken many terms of its production sharing deal with Russia.

The agency said in a statement the group had started oil production two years later than expected and still had no clear gas [...]

Friday, October 6th, 2006

Audit Chamber: Sakhalin PSA gives Russia 10% max. share

Russia will receive no more than 10% of hydrocarbon output under the Shell-led Sakhalin II project off Russia's Pacific coast given the way the project has been implemented in 2005 and 2006, Russia's financial watchdog said Friday.
Sakhalin II is being run under a 1994 product-sharing agreement by a consortium led by the Anglo-Dutch oil major, [...]

Friday, October 6th, 2006

Sakhalin: Man Sued for Distributing Ex-Wife’s Private Photos

A man from the Russian Far East has been taken to court for distributing his ex-wife's intimate photos in his village, the Interfax news agency reported on Friday.

The agency quoted prosecutors in Russia's far-eastern Sakhalin region as saying that the law enforcers had completed an investigation into the case launched under the article envisaging punishment [...]

Friday, October 6th, 2006

Moscow to talk with Shell soon

Two Russian ministries assured Dutch Economy Minister Joop Wijn that Moscow will soon start talks with Shell to try to resolve the crisis over the Sakhalin-2 project.
Russian Deputy Energy Minister Andrei Reus and Economy Minister German Gref told visiting counterpart Mr Wijn that Russia wanted to solve disagreements with Shell over the project's costs and [...]

Friday, October 6th, 2006

Khabarovsk Governor Believes Nothing Curbs Implementation of Sakhalin-1 Project

Khabarovsk Krai's Governor Viktor Ishaev believes there are no restraints for implementation of 'Sakhalin-1' Project . 'I don't think today something can curb the works,' he said on Wednesday to journalists.
He noted that the existing project requirements are to be fulfilled. In the course of project implementation 'new technological changes may emerge so the project [...]

Friday, October 6th, 2006

Eni postpones agreement with Gazprom

The conflict between Royal Dutch Shell and the Russian government has scared off other investors from Russia. Yesterday, Eni's CEO Paolo Scaroni said his company was afraid of problems encountered by foreigners in the country. Experts believe, however, that Scaroni simply found a pretext to postpone an asset swap agreement with Gazprom, which was to [...]

Friday, October 6th, 2006

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