Royal Dutch Shell Plc  .com Rotating Header Image

The Wall Street Journal: Bank Shelves Sakhalin Loan

In Brief
January 12, 2007; Page A4

The European Bank for Reconstruction and Development said it will no longer consider a loan to the Sakhalin-2 energy project in Russia, after Royal Dutch Shell PLC and its partners were forced to sell a 50% stake in the venture to OAO Gazprom, Russia’s state-owned natural-gas giant.

Since 2001, the EBRD had been considering a loan of about $300 million. EBRD President Jean Lemierre said the bank is prepared to discuss its participation with the new shareholders if certain conditions are met. and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “The Wall Street Journal: Bank Shelves Sakhalin Loan”

Leave a Comment

%d bloggers like this: