Support The Moscow Times!

Japan Looks at Magadan

Japan's Marubeni Corp. is interested in joint projects with Rosneft, according to a statement on the Magadan region web site.

Marubeni is in talks with Rosneft on participating in oil and gas projects in the Sea of Okhotsk to supply Asian markets, the statement said, citing a Marubeni official.

The regional administration expects Rosneft to complete license agreements to develop blocks off the coast of Magadan in September. The Japanese company also expressed an interest in mining in the region.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.