The Japanese industry ministry has asked Mitsui and Mitsubishi to "think positively" about their participation in the Russian Sakhalin-2 oil and gas project after the Russian government announced it would boost state ownership. Reuters reports that industry minister Koichi Hagiuda today asked the two companies, which are minority shareholders in Sakhalin-2, to consider staying on, saying he was due to discuss the matter with a Mitsubishi executive in the coming days. "The public and private sectors will work together to protect the interests of…
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