Financial Times FT.com

Energy Security

Russia presses Shell over oil project cost

By Thomas Catan in London and Arkady Ostrovsky in Moscow

Published: November 2 2005 22:47 | Last updated: November 2 2005 23:49

Royal Dutch Shell is coming under growing pressure from the Russian government over the rising cost of Sakhalin 2, one of the world’s largest offshore oil projects in which the Anglo-Dutch company has a 55 per cent stake.

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