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Shell ousted from Russian oilfields

international | environment | other press

Sunday September 24, 2006 22:40

by R. Isible

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Guardian UK: Blair wades in to Russia oil crisis

The Russian government is pushing Shell out of the Sakhalin Islands oilfields using environmental arguments. This has the happy side-effect of stopping Shell (and its Japanese partners) and Exxon from being able to raise prices.

Blair has in turn (as the unofficial mouthpiece of US policy) leaned on Putin in order to try and keep Gazprom (the Russian state energy company) from gaining complete control of the oilfields. This appears to be unsuccesful as Gazprom is in negotiations with Indian shareholders of the Sakhalin-1 project to buy them out. The Russian government has explicitly threatened to revoke Shell's license for Sakhalin-2 and Exxon's license for Sakhalin-1. Currently Shell's license is temporarily suspended for environmental breaches, specifically disruption of Western Grey Whales and salmon.

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Comments (4 of 4)

#	Title	Author	Date
1	Sankalin, The Kuril Islands,Taiwan,and N.Korea	Flynn	Fri Sep 29, 2006 15:18
2	Russia	Totti	Sat Sep 30, 2006 02:05
3	Russia,the more things change	A10	Sat Sep 30, 2006 19:47
4	Could Russia end up deciding who lives and dies in Rossport?	R. Isible	Mon Oct 02, 2006 02:28

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