Russia's President Vladimir Putin has signed a presidential decree ordering the transfer of the oil and natural gas development project "Sakhalin-1" off the coast of Sakhalin in the Far East of Russia in which major Japanese trading companies are participating. did.
Russia's President Vladimir Putin signed a presidential decree ordering the establishment of a new Russian company and the transfer of operations to a new company for the oil and natural gas development project "Sakhalin 1" off the coast of Sakhalin.
The Russian government will temporarily control 80% of the Russian state-owned oil company, excluding the current stake, and foreign shareholders will be asked within a month whether they will agree to acquire shares corresponding to their stake. We have to notify the government.
Russian media reports that the US oil giant Exxon Mobil, which has been at the center of the business, announced its withdrawal from the project in March after Russia's invasion of Ukraine.
From Japan, major trading companies Itochu Corporation and Marubeni Corporation, as well as Petroleum Exploration Co., Ltd., will participate in SODECO Sakhalin Oil and Gas Development, which is 50% owned by the Japanese government. holds a 30% interest in
Regarding the oil and natural gas development project off the coast of Sakhalin, after the British oil giant Shell announced its withdrawal from the project "Sakhalin 2" in which major trading companies Mitsui & Co. and Mitsubishi Corporation participated, the Russian government announced in August this year. A new Russian company has been established to take over the business, and both Japanese trading companies have acquired shares in the new company to maintain their interests.