Royal Dutch Shell Plc  .com Rotating Header Image

Reuters: Sakhalin II $20 billion cost overrun

MOSCOW, Oct 4 (Reuters) – Russia is not seeking to oust foreign oil majors operating big production sharing deals, but will not agree to massive cost overruns at these projects, a Kremlin official said on Wednesday.

Arkady Dvorkovich, head of the Kremlin’s economic research department, said the state was particularly concerned by Royal Dutch Shell’s (RDSa.L: Quote, Profile, Research) request to allow it to double costs to $20 billion at its Sakhalin-2 project.

“It was obvious from the beginning that the Russian side would never agree with this,” he told a conference. and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Reuters: Sakhalin II $20 billion cost overrun”

Leave a Comment

%d bloggers like this: