Support The Moscow Times!

Exxon Wants Bigger Budget

The ExxonMobil-led Sakhalin-1 offshore oil project in the Far East is looking to double its budget to $100 billion, Vedomosti reported Thursday, citing unidentified government officials.

The paper said Exxon Neftegas Limited asked for its capital expenditure for the project to rise to $47.9 billion and operational expenses to $52.2 billion in a document being reviewed by the government. 


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.