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Yukos,
Sakhalin test-cases for US investment in Russia: ambassador
AFP, June 10, 2004
US investors are closely monitoring the Yukos oil case and are growing
increasingly worried about Russia's commitment to private property
rights, the US ambassador to Moscow said in an interview published
Thursday.
Analyst:
British Petroleum Might Finance Development of the Sakhalin-5 Oil
and Gas Field
Rosbalt, March 4, 2004
As reported earlier by the Agency for Conflict Situations, the state
oil company Rosneft and British Petroleum are preparing a new agreement
on developing the Sakhalin-5 field.
Kremlin
threatens to stop Shell drilling
By Nick Paton Walsh, The Guardian (UK), October 22, 2003
Shell could lose its licences to drill for oil in Russia,
after an investigation by the country's ministry of natural resources -
responsible for the ecology and exploitation of vast oil and gas fields
- said it had reason to file a number of complaints.
Shell
inks Siberia spend amid Russia oil fever
By Melanie Cheary, Reuters, September 16, 2003
Shell became one of the biggest foreign investors in Russia when it
gave
the green light this year for a $10 billion project on the remote eastern
island of Sakhalin, where it will build the world's largest liquefied
natural gas plant by 2006.
St
Petersburg Company Wins Role in Sakhalin-2 Gas Project
Rosbalt, August 21, 2003
As part of the second stage of Sakhalin-2, the Sakhalin Energy Investment Co.
is building Russia's first, and the world's most powerful, plant to liquefy
natural gas, with an annual capacity of 9 million tons.
Russian
Government Delays Investment in Arctic Oil
Rosbalt, May 20, 2003
The Russian Ministry for
Natural Resources has asked the government to approve its Arctic
shelf exploration programme, stating that there are several Western
oil companies ready to invest.
Full-Scale
Production at Sakhalin 1 and 2 Fields to Begin Simultaneously
RIA Novosti, May 17, 2003
Full-scale production of hydrocarbons under the Sakhalin
1 project will begin at the same time as under Sakhalin
2, Governor of Sakhalin Region Igor Farkhutdinov has
told reporters. The Sakhalin 2 project is scheduled
to reach projected capacity in 2006-2007.
Who
Bashes Production Sharing and Why: PSAs Are Victims
of the Competition Between the Oil Companies
By Mikhail Subbotin, RusEnergy, February 14, 2003 (Archive)
The Russian government has decided that production
sharing is an exceptional scheme that should be used only for reserves
in virtually inaccessible areas.
Russia
Wants to Restrict Incentives to Seek Oil
By Sabrina Tavernise, The New York Times, February 20, 2003 (Archive)
The Russian government has proposed restrictions
on tax-rate and
regulatory guarantees used to attract foreign investment to its
oil
industry.
Western
oil projects in Russia
Reuters, February 19, 2003 (Archive)
Following is a list of existing and planned oil
and gas projects in Russia by some of the world's
biggest energy firms...
Russia:
Boost In Oil Production Grabs World's Attention, But
Can It Be Sustained?
By Jeremy Bransten, Radio Free Europe/Radio Liberty, March 26, 2002 (Archive)
According to just-released statistics from the Paris-based
International Energy Agency, Russia has overtaken Saudi Arabia as
the world's number one oil producer. What is behind Russia's return
to the top and is Moscow's leadership in this all-important sector
sustainable?
STREAMLINE
PRODUCTION-SHARING LAW, U.S. PETROLEUM BOSS CALLS
RUSSIA
Pravda.ru, October 29, 2001 (Archive)
A streamlined production-sharing law will skyrocket
overseas investment in Russian fuel deposit development, said Glen
Waller, external relations manager of the Russian Exxo Mobil office,
as he was addressing a roundtable of the world Davos economic forum,
which is holding session in Moscow.
Alexei
Melnikov: "I would not make a rush statement
that the opponents to Production sharing have won"
By Galina Bazina, Buro Pravovoi Informacii, May 5, 2003
Consequently
we cannot state with conviction that the review of the amendments
to the PSA Chapter of the Tax Code in the second reading which was
postponed several times [by the State Duma] and is now scheduled
at the first meeting after the May holidays, will take place and
yield results.
Russia's
Latest Oil and Gas Oasis
By James Brooke, New York Times, May 13, 2003
Aggressive investments by the world's three largest
oil producers illustrate how this isolated island
north of Japan has become a world hot spot for energy
development. Sakhalin, roughly equal in area to Maine
but with fewer than half as many residents as Maine's
1.2 million people, is on a track to surpass Moscow
this year as the top destination for foreign investment
in Russia.
Why
U.S. Oil Companies and Russian Resources Don't Mix
By Neela Banerjee and Sabrina Tavernise
New York Times, November 24, 2002
In a little over a year, the United
States has done a startling diplomatic about-face
on Russia, moving it from second-rate-power status
to vital ally, thanks mostly to one thing: oil.
The
Tyumen Oil Company and administration of the region
decide how to divide the profit from the oil extraction
Samotlor-Express, August 29, 2001
The Siberian Research Centre on behalf
of the Tyumen Oil Company submitted to Tyumen administration
a draft production-sharing agreement for extraction
of oil in Uvatsk area. The item on the division of
profit is one of the key items in the agreement. The
investor gets 80% (The Tyumen Oil Company in this
case), and 20% go to the federal and regional budgets,
as well as the budget of Uvatsk area (the proportion
in this case has still not been defined). The Economic
Department of the regional administration forwarded
their conclusions to the Deputy Governor Vladimir
Yakushev, writes the “Tyumenskaya Liniya” information
agency.
PSA
will flourish if deputies convince the government
that it is not right
Vladimir Sysoyev
Vremya MN, May 18, 2001
The draft law on the taxation of production-sharing
agreements (PSAs) has matured in the Cabinet.
Ivanenko
and Zhukov oppose the Proposal of the Finance Ministry
Vladimir Sanko
Nezavisimaya Gazeta, May 18, 2001
"The country's leadership, the
President and government do not need any investments
yet," said Deputy Head of the Yabloko faction
and Chairman of the Commission on Legal Issues for
Sub-soil Usage in Production Sharing, Sergei Ivanenko.
 PSA
Progress Blasted By Officials, Investors
By Lyuba Pronina, Staff Writer
The Moscow Times, Tuesday, Feb. 13, 2001. Page 10
It's been five years since Russia passed a law on production-sharing agreements - a vital
provision needed to unleash foreign investment in the oil, gas and gold sectors - but since then
the government's handling of the crucial issue has been atrocious.
Commodities
& Agriculture: Russia tries to come to terms with
West: New production sharing agreements seen as last
chance to draw foreign investment to oil and gas sector,
says Anna Sherman:
Financial Times, October 4,
2000
Today the European Commission is expected to discuss
proposals for developing a long-term strategic energy
partnership with Russia following exploratory talks
about importing oil and gas.
Last month Mikhail Kasyanov, the Russian prime minister,
visited London and tried to encourage Western oil
and gas companies to take advantage of new production
sharing agreements (PSAs)
Amended
PSA Law Provides Tax Option
The Moscow Times,
By Igor Semenenko, Staff Writer
Tuesday, May 30, 2000
Three major factions in the State Duma
have united efforts to pass an amendment to the law
on production sharing agreements, or PSAs, giving
local companies an option to choose between two tax
schemes.
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