Allen said that in 1993 the tender was organized in a due manner and ExxonMobil and ChevronTexaco were announced the winners. Allen said, "As the largest investor in Russia ExxonMobil would be very frustrated about a decision for a new tender of Sakhalin-3. This would be infringement on our rights and would be a very negative signal for other foreign investors."
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ExxonMobil Waits for Official Response
Company demands government response to Sakhalin-3 inquiry...
ExxonMobil is still expecting an official response from the Russian government to the inquiry sent in December 2003. The inquiry wanted confirmed results of the 1993 Sakhalin-3 block tender.
Michael Allen, director of the PR department of Exxon Neftegaz Limited said this in his written statement disseminated on February 4 among mass media of Sakhalin.
Allen said that in 1993 the tender was organized in a due manner and ExxonMobil and ChevronTexaco were announced the winners. Allen said, "As the largest investor in Russia ExxonMobil would be very frustrated about a decision for a new tender of Sakhalin-3. This would be infringement on our rights and would be a very negative signal for other foreign investors."
Deputy Prime Minister Victor Khristenko said that the governmental commission for production sharing agreements annulled the results of the tender held in 1993 for the right to develop the fields of Sakhalin-3 project.
Allen said that in 1993 the tender was organized in a due manner and ExxonMobil and ChevronTexaco were announced the winners. Allen said, "As the largest investor in Russia ExxonMobil would be very frustrated about a decision for a new tender of Sakhalin-3. This would be infringement on our rights and would be a very negative signal for other foreign investors."
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