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Extending Sakhalin-1 production sharing agreement for 30 years under discussion

Sakhalin-1 includes three offshore fields: Chaivo, Odoptu and Arkutun-Dagi located in the north-eastern shelf of Russia’s Sakhalin island

BADRA, December 6. /TASS/. Extending the production sharing agreement (PSA) for the Sakhalin-1 project for 30 years was discussed, but the final decision should be taken by the Finance Ministry, Russian Energy Minister Alexander Novak told TASS.

"This topic was discussed," he said. The Minister noted that the Finance Ministry should make a decision on the issue.

Sakhalin-1 is the first large-scale offshore project in Russia implemented under the PSA conditions (concluded in 1996). Rosneft holds a 20% share in the project, ExxonMobil - 30%, SODECO - 30%, and ONGC Videsh Ltd. - 20%.

Sakhalin-1 includes three offshore fields: Chaivo, Odoptu and Arkutun-Dagi located in the north-eastern shelf of Russia’s Sakhalin island.

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Global community changing tune about how Ukraine conflict started — security official

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Ukraine lost best fighters near Artyomovsk, retired general says

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Russia, Africa united by common vision on global issues — senior diplomat

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Russian envoy, authorities of Afghanistan call for unfreezing of Afghan assets

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US 'not forgetting' to help itself with aid to Ukraine — Kremlin

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US using human rights topics to shake political situation in Russia — embassy

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Republika Srpska president praises Moscow-Banja Luka relations, favors strengthening them

Milorad Dodik also touched upon the topic of sanctions mentioned by Patrushev earlier

Canada allows Airbus to use Russian titanium despite sanctions — Reuters

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Top Swiss diplomat reiterates need for Russia’s involvement in resolving Ukraine issue

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Kremlin vows to resolve situation with Turkish Airlines refusing service to Russians

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Russian forces take Ukrainian strongholds near Klescheyevka under control

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Press review: Dissecting US aid package to Ukraine and sands of global economy shifting

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US shifted conflict in Europe onto EU, NATO shoulders to weaken Russia, says Lukashenko

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No response from West to killing of Izvestia war reporter Eremin — diplomat

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Russia ready to cooperate with all interested partners to ensure security — Putin

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Putin informed about detention of Deputy Defense Minister Ivanov

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Russia's response to seizure of frozen assets in US to have no timeframe — chief delegate

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