A winter view from the hill to the LNG plant Sakhalin island, Russia's Far East
Rosneft courts trouble with Sakhalin partners
Chief executive Igor Sechin has sharpened his knife for another corporate spat
Rosneft is putting the squeeze on its consortium partners in the Sakhalin-1 project in the Russian Far East, in a lawsuit that's likely unsettling other foreign majors considering investment in the country. The Kremlin's national oil champion is suing all the Sakhalin-1 co-owners, including ExxonMobil and its own Rosneft units, for 89 bn roubles ($1.3bn) over alleged "unjust enrichment" over the past three years, according to filings made with the Sakhalin Oblast Arbitration Court seen by Petroleum Economist. One of Russia's biggest foreign investment projects, 80% of Sakhalin-1 is owned by US, Japanese, and Indian companies. It is located on and offshore at Sakhalin island, which lies some
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
