ExxonMobil is working on the transfer of the Sakhalin-1 project

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ExonMobil’s financial report states that the oil and gas company is negotiating the transfer of the Sakhalin-1 project to another party. This has been reported TASS.

“The institution complies with all established laws and sanctions and is currently engaged in the transfer of the Sakhalin-1 project to another party,” says the publication.

Former Prime Minister of the Russian Federation Mikhail Mishustin signed The decision to establish Sakhalin Energy LLC as the new operator of the Sakhalin-2 PSA project will be registered in Yuzhno-Sakhalinsk.

Prior to that, Mitsui & Co., a large universal trading company in Japan. and Japanese conglomerate Mitsubishi Corp. old version Valuation of assets in the Sakhalin-2 oil and gas project for 217.7 billion yen (about $ 1.6 billion).

In July, Kyodo reported that the Japanese government was in talks with Mitsui and Mitsubishi to retain their stake in the Sakhalin-2 project after Moscow decided to make a Russian LLC as the operator of the project.

June 30 Russian President Vladimir Putin signed A decree that will transfer all rights and obligations of Sakhalin Energy, the operator of the Sakhalin-2 PSA project, according to which a company was established in Russia.

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