Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: ldo79	12/21/2006 6:33:00 PM
	of 206092

and the beat goes on.............. Russia secures control of key Siberian project State-run Gazprom takes 50% of Shell's Sakhalin-2 venture By Steve Goldstein, MarketWatch Last Update: 5:31 PM ET Dec 21, 2006 LONDON (MarketWatch) -- Russia, thrusting itself into the lead role on the huge Sakhalin-2 oil and gas project, will halve Royal Dutch Shell and its Japanese partners' stakes in the field, paying them $7.45 billion in cash to make room for state-owned energy giant Gazprom, Shell said Thursday. The move concludes months of wrangling and heavy pressure from the Kremlin over control of the $22 billion project, which aims to build one of the world's biggest liquefied natural-gas export terminals on Sakhalin Island -- conveniently close to an eager Japanese energy market. It also fits Russia's recent push to reassert control over its strategic resources, giving it more leverage in the global oil market while enhancing its overall economic and political clout. Russia is now the world's second-biggest oil exporter after Saudi Arabia. more..http://www.marketwatch.com/

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next