The Russian business man reported on Tuesday that Russian Petroleum The company has decided to invite Japanese companies to participate in the development of the Magadan continental shelf and the East Siberia oilfield. The report said that one of the main reasons for the decision made by the Russian oil company was the dispute between Russia and China on the issue of oil costs. Although China finally agreed to pay for the spanportation of crude oil in Russia, Russian oil companies hoped to pressure China by inviting Japanese companies to participate in the development of oil and gas resources in the Far East and East Siberia.

Japan's Nikkei News reported that a consortium of Japanese companies could get a 49% stake in a joint venture. The project's geological prospecting work will begin this year, and Japan will bear all the expenses. According to the report, Japanese companies that may participate in the consortium include Inpex Corp., Japan Oil, Gas and Metals National Corp. (JOGMEC) and some oil companies. Distributor 。

Russian news agency reported that Russian oil companies have not yet obtained the development permission of the Magadan continental shelf. However, the company has submitted applications for Magadan 1, 2, 3 and other two blocks near the sea. Edward Khudainatov, President of Russian oil company, said he hoped to get a license this year. He predicted that these blocks would contain 20 billion tons. Standard fuel 。

At the end of last month, Nicola Dudorf, governor of Magadan state, said that according to preliminary data, the licensing work in Magadan block will be completed by September 1st.

Earlier this month, the Russian oil company and the Ministry of economy and industry of Japan agreed to set up a joint working group to inspect the Magadan 1, 2, 3 blocks and the continental shelf of Okhotsk Sea, as well as the resource profiles of 11 oil and gas fields in East Siberia. Japanese companies agreed to take all risks, and all expenses for exploration were borne by the Japanese side. The two sides also agreed to establish a joint venture refinery and Petrochemical Enterprises 。