Archive · 17 Sep 2025
Russia Ready for Deeper Sakhalin-1 Project Discussions with U.S.
Russia and the U.S. are talking about working together on energy projects, like the Sakhalin-1 oil and gas project.
Russia's Deputy Foreign Minister said they want to have deeper conversations.
This project involves companies like Exxon Mobil, a major U.S. oil company.
Exxon used to own part of the project but left after Russia sent troops into Ukraine.
A recent decree from Russia could allow companies like Exxon to get their shares back.
The discussions come after a meeting between Putin and Trump where investment opportunities were discussed.
Russia is ready to deepen discussions with the U.S. on energy cooperation.
Discussions include the Sakhalin-1 oil and gas project.
Russian Deputy Foreign Minister Sergei Ryabkov announced the news.
Vladimir Putin signed a decree potentially allowing foreign investors to regain shares.
Exxon Mobil previously held a 30% stake but exited the project.
- Who
- Russia and the U.S.
- What
- Russia is ready to deepen discussions with the U.S. on energy cooperation, including the Sakhalin-1 project.
- When
- Reported on Wednesday.
- Where
- Moscow
- Why
- To discuss energy cooperation.
- Project
- Sakhalin-1 oil and gas project
- Companies Involved
- Exxon Mobil
- Exxon's Previous Stake
- 30% operator share
- Exxon's Exit
- Took a $4.6 billion impairment charge
- Discussion Topic
- Energy cooperation