US EditionRussia Offers ExxonMobil a Path Back to Sakhalin
5 Articles
5 Articles
Russia Offers ExxonMobil a Path Back to Sakhalin
On August 15, just as the much-anticipated meeting between President Trump and President Putin was taking place, a development of potentially far-reaching consequences but little immediate attention surfaced in Moscow. President Putin signed an alteration to his 2022 decree that had transferred the Sakhalin-1 project fully under Russian jurisdiction, this time supplementing it with conditions for the possible return of foreign companies to the v…
A recent decree signed by Russian President Vladimir Putin could pave the way for ExxonMobil to reclaim its 30% operator share in the Sakhalin-1 oil and gas project.
A recent decree signed by Russian President Vladimir Putin could pave the way for ExxonMobil to reclaim its 30% operator share in the Sakhalin-1 oil and gas project.
ExxonMobil, the come-back in Russia? Russian President Vladimir Putin has just signed a decree authorizing a possible return of the American oil giant ExxonMobil in the Sakhaline-1 project in the Russian Far East. This decision marks a turning point in the Kremlin's energy policy, after several years of partial isolation of the great western majors following the Russian invasion of Ukraine in 2022. Sakhaline-1, located off the island of Sakhalin…
Since the beginning of the war in Ukraine, the western majors have been pushing Russian energy projects. But Moscow has just reached out for the return of ExxonMobil in the Sakhaline-1 project. Russia is reopening the Sakhaline-1 project to foreign capital Russia has just taken an unexpected step in its energy policy. By decree, Vladimir Putin has given its green light to a mechanism allowing ExxonMobil to return to the Sakhaline-1 project, one …
Putin opens door to ExxonMobil Sakhalin-1 return
Russian president Vladimir Putin has signed a decree that could allow US supermajor ExxonMobil to regain its stake in the Sakhalin-1 oil and gas project. Putin signed the decree on Friday ahead of his meeting with US president Donald Trump in Alaska. The decree also opens up the possibility for other foreign investors to return …
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