Sakhalin II (Phase 1 and 2) | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


bicusa.org/ Problem Project Sakhalin II (Phase 1 and 2) BIC is no longer actively working on this project. Overview Concerns Updates Resources Contacts RSS Update \| 14 July 2008 Sakhalin II receives funding for second phase On June 16, 2008, the Japan Bank for International Cooperation (JBIC) agreed to loan up to $3.7 billion for the controversial oil and gas project in Russia. Read more Update \| 16 January 2007 EBRD decides against involvement in controversial Sakhalin II project The European Bank for Reconstruction and Development (EBRD) has decided not to fund the largest oil and gas project in the world, Sakhalin II, on Russia’s Far Eastern island after several years of consultations. Read more Update \| 12 December 2006 Shell and partners cede control of Sakhalin II to Gazprom After months of strained negotiations, it appears that Shell and its partners have given Gazprom, the Russian-state owned gas monopoly, 50 percent plus one control of the controversial oil and gas project. Read more Update \| 27 October 2006 Russian authorities' complaints jeopardize Sakhalin II project The Sakhalin II project has come under fierce scrutiny by the Russian authorities in recent days, and may be suspended in certain sections due to allegations of illegal deforestation, the dumping of toxic waste, and soil erosion. Read more Print this page Email this page

	Last updated 18 July 2008 © 2008 Bank Information Center Website content may be freely reproduced as long as BIC is credited as the source.

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