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Russia moves to take control of Sakhalin-2 oil and gas project

BBC Business LogoBBC Business1 mo ago

Russia moves to take control of Sakhalin-2 oil and gas project

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The Russian government moves to take over Sakhalin-2 in which Shell has a share of more than a quarter.

Shell said in February that it would to sell its Russian investments due to Ukraine conflict, including the flagship Sakhalin 2 facility in Russia's far east.

Oil giant Shell said: "We are aware of the decree and are assessing its implications.


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Article Details

Author / Journalist: BBC News

Category: Economy

Topics: Mitsubishi Government Japan Mitsui Stake Energy Project Shell Decree Russian

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 10:29:59

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Reading Time: 5 minutes read

Article Length: 843 words

Coverage Area: United Kingdom

Availability: Desktop Web, Mobile Web

News ID: 24921

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About BBC Business

BBC Business Logo

Main Topics: Economy

Official Website: bbc.co.uk

Update Frequency: 9 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 13h ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #43

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