2 Matching Annotations
- Feb 2022
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UK-based Shell (RDSA) owns a 27.5% stake in Sakhalin-2, which it describes as one of the world's largest integrated oil and gas projects. Shell says Sakhalin-2 supplies about 4% of the world's current liquified natural gas market.ExxonMobil (XOM)has been in Russia for over 25 years, and employs about 1,000 people there.Its subsidiary, Exxon Neftegas Limited, has a 30% stake in Sakhalin-1 — a vast oil and natural gas project located off Sakhalin Island in the Russian Far East. It has operated the project since 1995 on behalf of a consortium that includes Japanese and Indian partners, as well as two affiliates of Rosneft.
Will any of these companies or countries divest?
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In addition to its stake in Rosneft, BP had three joint ventures with Russia's biggest oil company — a 20% stake in the Taas-Yuryakh oil project in eastern Siberia, 49% of Yermak Neftegaz in Western Siberia and 49% in the Kharampur oil and gas project.
Will BP divest in these as well?
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