Formation of an oil development consortium between the American companies Exxon, Mobil Oil, Texaco, and Russia’s Sakhalinmorneftegaz remains up in the air following a recent round of negotiations, according to a Russian delegation member. The consortium is intended to develop oil fields on Sakhalin’s shelf as part of the Sakhalin-3 project. The next round of negotiations is scheduled for late January. (5)
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