Source Pravda.Ru

Chevron Texaco to Invest $9Bn In Sakhalin-2

Chevron Texaco, the second-largest US oil producer, may invest up to $9 billion in the Sakhalin-2 oil development project in Russia's Far East if estimated reserves are satisfactory.

The US company is also ready to consider other projects in the Russian oil and gas sector. O'Reilly noted that the company was "satisfied with its projects' performance" in Russia, including the Caspian Pipeline Consortium (CPC). O'Reilly said that Chevron Texaco wants to continue developing the CPC and plans to put "serious" money into the project next year, the Russia Journal reported. ©

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Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

Putin made his first public comment on the subject of the recent decision of US President Donald Trump to recognise Jerusalem as the capital of Israel

Putin makes first comment on Trump's Jerusalem decision