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Rosneft and ExxonMobil to develop LNG plant on Sakhalin Island, Russia

Rosneft and ExxonMobil have agreed to jointly develop a liquefied natural gas (LNG) liquefaction plant on Sakhalin Island in the Russian Far East.

Russian state oil firm Rosneft has discovered a new oil and gas field at the Mogdinsky license area in East Siberias Irkutsk region.

Russian state-controlled oil company Rosneft has acquired the remaining 49% interest in Itera Oil and Gas Company from Itera Holdings for $2.9bn.

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