Mitsui & Co. plans to notify the Russian government of its intention to maintain its rights and interests as a shareholder in the Sakhalin-2 oil and gas project in the Russian Far East, it has been learned.
The trading firm is expected to notify Russia of its intention to do so by the end of this month after Mitsubishi Corp., which also holds interests in the project, makes a decision.
Mitsui holds a 12.5% stake in the current operator Sakhalin Energy Investment Co., and Mitsubishi owns a 10% stake.
