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Archive for March 30th, 2007

OAO Rosneft increases stake in Sakhalin-3 project with Sinopec

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 [...]

Friday, March 30th, 2007

Regulator won’t seek compensation from Sakhalin-2 operator

A Russian environmental regulator will not go to court and seek compensation for the environmental damage from the operator of the Sakhalin-2 oil and gas project, a top official with the regulator said Thursday, ITAR-TASS reported.
The operator, Sakhalin Energy, is prepared to remedy the damage, said Oleg Mitvol, a deputy director with the Federal Service [...]

Friday, March 30th, 2007

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