Yuzno.com

US President George W Bush may bring up the issue of ExxonMobil when he meets Russian President Vladimir Putin at the Bush family’s oceanfront estate in Kennebunkport, Maine on July 1-2.
A spokesman for the Kremlin leader denied on June 28 the Kremlin is involved in a disagreement between Russian gas monopoly Gazprom and US oil […]

The head of Russia’s Audit Chamber said Thursday there is no need to revise production-sharing agreements on the Kharyaga oilfield in northern Russia or the Far East Sakhalin-1 natural gas project.
Sergei Stepashin said the top auditing body had completed a check into the current PSAs, and identified a number of violations related to implementation schedules […]

An executive from Royal Dutch Shell has resigned two weeks after a motivational email he wrote to staff on the Sakhalin-2 project in Russia was leaked to newspapers, a company spokesman said on Thursday.
“This is true,” a Shell spokesman in Moscow said, without giving details.
David Greer, deputy chief executive of Sakhalin Energy, the consortium running […]

Exxon Mobil Corp. has become the latest western oil and gas company to become embroiled in Russia’s attempt to curtail foreign control of its energy assets, according to The Daily Telegraph on Thursday. State-run gas company OAO Gazprom, wants to halt an Exxon-led project from supplying China, in a move that echoes attempts to restrict […]

On Wednesday the Head of the department of Russia of the Ministry of Foreign Affairs of Japan Mr. Akira MUTO arrived to Sakhalin. He intends to stay at the Island for two days, during which he will get acquainted with social-economic development of the Area, meet the officials and business circles, RIA PrimaMedia reported.

Having concluded the deal for Sakhalin-2, Gazprom has turned its steely attention to another major project in the region, Sakhalin-1. Deputy chairman of the Gazprom supervisory board Alexander Ananenkov announced yesterday that all the natural gas from Sakhalin-1 must be rerouted from China, as the projects shareholder planned, to the domestic market. The Ministry of […]