22 Nov 2012 11:39

Russia to receive around $500 mln from Sakhalin-2 this year - Sakhalin Energy

YUZHNO-SAKHALINSK. Nov 22 (Interfax) - Russia will receive around $500 million from the Sakhalin-2 project through the country's share in profitable production, the project operator, Sakhalin Energy, said on Thursday.

The company said that Sakhalin Energy specialists mentioned this figure during a meeting with representatives of state authorities, local administration, public organizations, educational and cultural institutions, the company's partners in various projects in stable development and social investment, and the indigenous peoples of North Sakhalin.

The company forecasts this result based on a price per barrel at $100.