SODECO can continue participation in Sakhalin 1, is analyzing Putin's decree

MOSCOW. Nov 10 (Interfax) - SODECO can increase participation in the Sakhalin 1 PSA and is analyzing the changes caused by the Russian president's decree, Japex, one of the shareholders of the Japanese consortium, said.

"Thanks to the permission of the Russian government to buy shares in the limited liability company in accordance with its percent share, SODECO can continue participation in the Sakhalin 1 project. We are now analyzing the influence of this event on the Sakhalin 1 project, as well as the financial situation, operational results and money flows in the next quarter and the subsequent periods," Japex said in its report.

SODECO disposed of 30% of the shares in Sakhalin 1. Besides Japex, is shareholders are the Japanese government, Itochu, Marubeni, and Inpex.