Russia to take over major oil project ...News

Russia Today - Economy
Russia to take over major oil project
President Vladimir Putin has ordered Sakhalin-1 transferred to a domestic entity Russia’s Far-Eastern Sakhalin-1 oil and gas project, currently led by US-based Exxon Mobil, will be transferred to a local entity, according to a decree signed on Friday by Russian President Vladimir Putin. The decree mandates the Russian government forming a new legal entity that will take over the rights and responsibilities of the project, its investor rights, and its operator, Exxon Mobil subsidiary Exxon Neftegas Limited, which holds a 30% stake in the project. Russian oil major Rosneft, India's ONGC Videsh, and Japan's SODECO al

Hence then, the article about russia to take over major oil project was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Russia to take over major oil project )

Apple Storegoogle play

Last updated :

Also on site :