News Oil & Gas

Russia allows Japan to keep stake in Sakhalin-1 oil and gas project

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The Russian government has decided to allow Japan to maintain its stake in the Sakhalin-1 oil and gas development project in Russia’s Far East, the Japanese government said Tuesday.

“The decision is very significant for stable energy supplies to our country over the medium to long term,” Chief Cabinet Secretary Hirokazu Matsuno told reporters.

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