(Reuters) – Russia has allowed India’s Oil and Natural Gas Corp and Japan’s Sakhalin Oil and Gas Development Co (SODECO) to keep their stakes in the new Russian operator of the Sakhalin-1, Russian news agency Interfax reported, citing governmental documents.
SODECO would keep its 30% stake and ONGC would retain another 20%, as before, Interfax said. Russia has established a new entity, managed by a Rosneft subsidiary, that owns investors’ rights in Sakhalin-1 after the exit of previous operator ExxonMobil.
(Reporting by Reuters; Editing by Susan Fenton)
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