Mitsui (Conglomerate) & Co. Ltd. will keep a share in the oil and gas Sakhalin-II project

Mitsui (Conglomerate) & Co. Ltd. will keep a share in the new operator of "Sakhalin-II" Mitsui (Conglomerate) & Co. Ltd. notified Russian Federation on a consent to keep participation in the oil and gas Sakhalin-II project. The government of the country allowed to transfer it a share to 12,5 percent in the new operator of the project. The corresponding order of the prime minister Russian Federation Mikhail Mishustin is published on an official portal of legal information. At the end of June President of the Russian Federation Vladimir Putin disposed to replace the operator of "Sakhalin-II" and to transfer property of companies to property to the state. In August the project had a new operator — open company...