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The Times: Need to know: Shell faces a $100 million (£50 million) hit

April 14, 2007

Natural resources

Shell faces a $100 million (£50 million) hit after reports that Russia is considering cutting the amount of reimbursable expenses available to operators of the Sakhalin-1 and Sakhalin-2 offshore oil and gas fields. Other groups set to lose out include the US giant Exxon and India’s ONGC.

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