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The Times: EBRD cold feet over Sakhalin

Business in Brief
January 01, 2007

The European Bank for Reconstruction & Development (EBRD) may walk away from investing in Sakhalin-2 after Shell, the Anglo-Dutch oil giant, and its two Japanese partners were forced to sell stakes in the energy project to Gazprom, Russia’s state-owned gas company. The EBRD had been in talks with Shell and its associates Mitsubishi and Mitsu about lending £270 million to the project.,,5-2525641.html and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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