Russia cancels permit for Shell's giant Sakhalin-2 fields. Let's Invade!

[elehhhhna]

Russia cancels permit for Shell's giant Sakhalin-2 fields
Sep 18 4:33 PM US/Eastern

Russia cancelled an essential permit for a Shell-led consortium to develop the huge Sakhalin-2 oil and gas fields, as a top official warned foreign energy companies may lose their licenses.
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Sakhalin-2 is the world's biggest privately funded energy project.
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The decision will halt all work at the 20-billion-dollar (15.8-billion-euro) Sakhalin-2 project, according to the state agency on natural resources, which filed suit last week to have the environmental assessment revoked.
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Earlier Monday, a top official at the natural resources ministry said foreign company licenses on three energy projects -- ExxonMobil's Sakhalin-1 project, Shell's Sakhalin-2 and Total's Kharyaga Arctic oil field -- were at risk.

The ministry's director of government policy Sergei Fyodorov said that the licenses could be cancelled on the grounds that technical conditions were not being fulfilled, Interfax reported.

A report by the ministry in May attacked both ExxonMobil and Shell for inefficiency and cost overruns at Sakhalin-1 and Sakhalin-2, saying Russian companies should be given majority control of both projects.

http://www.breitbart.com/news/na/060918203331.0zoxc9fz.html