Sakhalin-1 Oil and Gas Project

planned for foreign investor return

The Sakhalin-1 project is an oil and gas development project in which foreign investors, including the American oil company Exxon, are allowed to return their stakes following a decree signed by Vladimir Putin. Exxon previously owned a 30% stake and had given up its share. The decree requires foreign shareholders to support lifting Western sanctions and to conclude contracts for necessary foreign equipment supply and fund transfers to the project accounts.