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Shell Doesn't Despair for Sakhalin

Oil giant Shell is likely to finish talks by the end of the year for Gazprom...

Shell Doesn't Despair for Sakhalin

Oil giant Shell is likely to finish talks by the end of the year for Gazprom to take a blocking stake in Sakhalin-2.

Shell Exploration and Production Russia's president Chris Finlayson said the company was confident that a dispute with the Natural Resources Ministry, which is threatening to recall a license for Sakhalin-2 would soon be resolved.

"We have agreed with the representatives of all the ministry to a rapid resolution of these issues, hopefully by the close of the year," Finlayson said on the sidelines of a ceremony to open Shell's first filling station in Moscow.

Natural Resources Minister Yury Trutnev is due to visit the far eastern island of Sakhalin next week to review whether Shell has implemented a series of environmental controls.


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