Investments in the Sakhalin-1 project will amount to $1.2bn next year, which is a 70 percent increase compared to 2002, a senior official of ExxonMobil declared at a press conference in Yuzhno-Sakhalinsk. According to him, a final budget for 2003 will be agreed to at a meeting of the supervisory board of the project in the middle of December 2002.
The project's operator, Exxon Neftagas Ltd., is planning to start constructing a horizontal well from the island's shore to the field Chayvo, a complex at the shore and a 367-kilometer oil pipeline to the De-Kastri port in the Khabarovsk region in the first quarter of 2003.
The Sakhalin-1 project's volume is estimated at 2.3bn barrels of oil and 485bn cubic meters of natural gas. On October 17, 2002 the Japanese Nippon Steel company made a contract totaling $400m on implementing the first stage of the project.
The behavior of the Russian inspector satellite, which was launched in the autumn of 2017, puzzles military officials in the United States
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked