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Russia takes control of Sakhalin 1 oil and gas project

Authorities take full control of oil and gas project but promise foreign shareholders may apply to regain their stakes

At sea: the Orlan oil platform at the Sakhalin 1 project offshore Russia’s far east.
At sea: the Orlan oil platform at the Sakhalin 1 project offshore Russia’s far east.Photo: REUTERS/SCANPIX
  • Vladimir Afanasiev
Published 10 October 2022, 14:41Updated 12 October 2022, 12:48
Sakhalin 1Ukraine CrisisRussiaExxon NeftegazExxonMobil