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Japanese stakeholders within the Sakhalin-1 oil and gasoline undertaking in japanese Russia determined Friday to retain their stake within the endeavor by becoming a member of a brand new Russian operator lately established below a decree, because the undertaking stays a significant supply of power for resource-poor Japan, sources near the matter mentioned.
Japan’s authorities and corporations together with main buying and selling homes Itochu and Marubeni have invested within the undertaking by way of Tokyo-based Sakhalin Oil and Gasoline Growth firm. If the Russian aspect approves the plan determined at Friday’s shareholders assembly, Japan will have the ability to maintain its stake within the undertaking.
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