Russian Rosneft Plans to Sign Agreement on Sakhalin-1 Oil-And-Gas Project

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Russian oil company Rosneft expects to sign an agreement for the Sakhalin-1 oil-and-gas project maintenance at the Eastern Economic Forum (EEF), Rosneft CEO Igor Sechin told journalists on Thursday.

MOSCOW (Sputnik) – On Tuesday, Russian presidential aide Yuri Ushakov said that Russian energy companies Gazprom and Rosneft were holding talks with Japanese companies on new joint projects.

A sign at the entrance to the Rosneft oil and gas company building in the Sofia Embankment in Moscow - Sputnik International
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Rosneft and Gazprom Discuss New Joint Projects With Japanese Companies

"We are planning to sign a number of new agreements, including on production projects, such as Sakhalin-1. And we also hope that today Exxon [Mobil] will sign an order for two tankers," Sechin said.

According to Ushakov, the energy sector is a strategic area of cooperation between Russia and Japan, which already involves Sakhalin-1 and Sakhalin-2 oil-and-gas projects as well as the construction of the Yamal-LNG plant.

The 2016 Eastern Economic Forum (EEF) will be held in Russia's Vladivostok on September 2-3.

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