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The Times: Russia reassures Shell on Sakhalin

October 16, 2006

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Russia is not considering freezing the Sakhalin-2 oil and gas project, which is led by Shell, Oleg Mitvol, deputy head of Russia’s ecological monitoring agency, said. “Russia will respect and fulfil its international obligations, in particular with respect to foreign companies,” he said. Last month Russia moved to revoke authorisation for the $20 billion (£10.8 billion) project.

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