YUZHNO-SAKHALINSK, Russia (AFX) – The Sakhalin Energy consortium will hand out contracts totalling nearly US$9 billion for oil infrastructure projects on Sakhalin island in Russia’s far east by the end of June, the group announced. Sakhalin Energy, controlled by Shell Petroleum, will by 2007 build two new oil rigs off the northeast coast of the…
RUSSIA: Shell’s Sakhalin Energy to hand out US$9 billion of oil contracts by end-June
Posted on May 8, 2003 by EnergyAsia