Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Exxon Mobil and ChevronTexaco sacked from Sakhalin
The Russia Journal ^ | January 30, 2004

Posted on 01/31/2004 2:43:42 PM PST by Lessismore

MOSCOW - American companies Exxon Mobil and ChevronTexaco business interests have suffered from actions of Russian government, as they have been deprived of their rights for development of oil fields in Sakhalin. Despite earlier statements, the results of the bid for “Sakhalin-3” project development were annulled by commission on product sharing agreements. This was announced by deputy premier Viktor Christenko today. He said the right to develop the project would be sold by auction, but experts foresee the possibility of “Sakhalin-3” project inclusion into integrated program of East Siberia and Far East oil fields development, which is coordinated by Gazprom.

ExxonMobil and ChevronTexaco have been seeking for the rights to develop “Sakhalin-3” project since 1993, when they won the bid for its development, but this was not registered officially. Since that time, according to company estimates, ExxonMobil together with ChevronTexaco have invested about sixty million dollars into the project. ExxonMobil “intends to defend its rights”, company representative said, giving no detail on how exactly, Kommersant reports.

According to Viktor Christenko, the investment will be refunded or accounted to if companies decide to bid in a new auction. The companies give no comments on their intentions in regards with new auction. Experts believe that this is possible, taking in consideration their economically interested motives.


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Russia
KEYWORDS: chevrontexaco; energy; exxonmobil; oil

1 posted on 01/31/2004 2:43:44 PM PST by Lessismore
[ Post Reply | Private Reply | View Replies]

To: Lessismore
I have heard that Russia is run by their mafia.
2 posted on 01/31/2004 3:11:16 PM PST by BenR2 ((John 3:16: Still True Today.))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lessismore
Is NEP-II coming to an end? Food for thought.
3 posted on 01/31/2004 3:32:05 PM PST by GOP_1900AD (Un-PC even to "Conservatives!" - Right makes right)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lessismore
Its time to stick it to the russians. Two-faced bastards.
4 posted on 01/31/2004 3:36:08 PM PST by Finalapproach29er ("Don't shoot Mongo, you'll only make him mad.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lessismore
David Copperfield had his trucks impounded by the Russians until he paid a half million dollar extortion (helped by the Clintons).

Google copperfield and russia.
5 posted on 01/31/2004 5:59:39 PM PST by opbuzz
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lessismore
Does anybody what happed there back on September 1, 1983?
6 posted on 01/31/2004 8:39:35 PM PST by endthematrix (To enter my lane you must use your turn signal!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: endthematrix
Does anybody know what happed there back on September 1, 1983?
7 posted on 01/31/2004 8:40:21 PM PST by endthematrix (To enter my lane you must use your turn signal!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Lessismore
another BS reason to raise the price of gasoline in California and reap record profits.
8 posted on 01/31/2004 8:42:36 PM PST by breakem
[ Post Reply | Private Reply | To 1 | View Replies]

To: Finalapproach29er
Any comments about a certain flight there back in 1983?
9 posted on 01/31/2004 9:49:01 PM PST by endthematrix (To enter my lane you must use your turn signal!)
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson