(Adds context)
MOSCOW, April 5 (Reuters) - Russia has extended the
deadline for the sale of foreigners' shares in Russia's
Sakhalin-1 oil and gas project, in which Exxon Mobil Corp was a major investor, according to a presidential decree
published on Wednesday.
Vladimir Putin signed a decree in October establishing a
new operator company for the Sakhalin-1 project, inviting
Russian shareholders to apply for shares in the new company.
ExxonMobil , which owned 30% in Sakhalin-1, left projects
in the Russian Federation due to Moscow's special military
operation in Ukraine.
Prior to the creation of the new company, Exxon and a
consortium of Japanese companies Sakhalin Oil and Gas
Development Co (SODECO) each owned 30% of the project. Russian
Rosneft and Indian ONGC Videsh owned 20% each.
The Japanese consortium and the Indian ONGC said they will
remain with the project.
(Reporting by Reuters; Editing by Jan Harvey and Mark Porter)
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