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Markets

Japan's Taiyo Oil to receive cargo of oil from Russia's Sakhalin-2, Mainichi says

  • Gazprom is a controlling shareholder in the Sakhalin-2 oil and gas project
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TOKYO: Japan’s Taiyo Oil is set to receive a cargo of crude oil from Russia’s Sakhalin-2 project, the Mainichi daily reported on Saturday, citing Japan’s Ministry of Economy, Trade and Industry.

Russian state gas company Gazprom is a controlling shareholder in the Sakhalin-2 oil and gas project, in which Japanese trading houses Mitsui and Mitsubishi also hold stakes.

Venezuela’s oil exports jump to highest since 2018, with more sales to US, India

Taiyo Oil and METI did not immediately reply to Reuters request for a comment.

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