Royal Dutch Shell Plc  .com Rotating Header Image

Dow Jones Newswires: Russian Dep Min: Won’t Tear Up Sakhalin PSAs

Wednesday September 6th, 2006 / 17h51 
 
However, Androsov said Russia is unlikely to pursue further PSAs in the future.
Androsov’s comments echo similar comments by Kremlin aide Igor Shuvalov, who said Tusday that accusations by the Ministry of Natural Resources against Shalin Energy, the Royal Dutch Shell (RDSA)-led consortium developing Sakhalin-II, had nothing to do with any desire to renegotiate the terms of the PSA governing the project.

Shuvalov added, however, that in his “personal opinion” the best thing for Sakhalin Energy to do would be to pay taxes under the normal regime paid by other oil and gas companies. The PSAs for Sakhalin-1 and Sakhalin-2 are parliament-approved acts that guarantee specific tax treatment for those two projects.

Japan’s Mitsui & Co. Ltd. (8031.TO) and Mitsubishi Corp. (8058.TO) are also shareholders in Sakhalin-II.

-By Greg Walters, Dow Jones Newswirs (+7 495) 974 8055; [email protected]
(Geoffrey T. Smith contributed to this item.) 
 

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Dow Jones Newswires: Russian Dep Min: Won’t Tear Up Sakhalin PSAs”

Leave a Comment

%d bloggers like this: