Date: 6 months ago   Category: Energy

Rosneft and participants of the Sakhalin-I project have agreed about extrajudicial settlement of a dispute — Rambler News Service


Photo: globallookpress.com Rosneft and participants of the Sakhalin-I project have agreed about extrajudicial settlement of a dispute, reports the Bloomberg agency with reference to the top CEO of ONGC Videsh Narendra Verm. According to the agency, participants of consortium have agreed to pay to Rosneft $230 million Verm has specified that the agreement has been reached two weeks ago. Payment of ONGC Videsh in favor of Rosneft will make $50 million. In the middle of July Rosneft has submitted a claim to the participating companies of the oil and gas Sakhalin-I project to Arbitration court of the Sakhalin region. Five companies act as defendants: Exxon Neftegaz Limited (structure of the American ExxonMobil, share in the project of 30%), "Sakhalin Oil энд Gaz Development" (Japanese consortium Sodeco, 30%), ONGC Videsh Limited (20%) and also Sakhalinmorneftegaz shelf (11,5%) and RN-Astra (8,5%). Through the last two companies "Rosneft" controls 20% in the project. From Exxon and Sodeco Rosneft demands to exact of 26,7 billion rubles, from ONGC — 17,8 billion rubles. And with Sakhalinmorneftegaz shelf and RN-Astra totally 17,8 billion rubles. The Sakhalin-I project is implemented by consortium in which Rosneft possesses 20%, to the American ExxonMobil — 30%, the Japanese Sodeco — 30%, the Indian ONGC — 20%.

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