Rosneft files $1.4 billion lawsuit against Sakhalin-1 firms including ONGC Videsh
filed an 89 billion rouble ($1.41 billion) lawsuit against participants of the Sakhalin-1 oil and gas project operated by ExxonMobil subsidiary Exxon Neftegaz Ltd. The suit, received by an arbitration court in the Sakhalin region in Russia’s Far East, seeks to recover funds gained by parties between 10 July 2015, and 31 May 2018, through “unjust enrichment and interest gained by using other people’s money”, according to paperwork issued by the court.
The lawsuit has been filed against five entities, claiming 10 billion roubles from Sakhalinmorneftegaz, 7.5 billion from RN-Astra, 26.7 billion from Exxon Neftegaz Ltd, 26.7 billion from Sakhalin
Oil and Gas Development Co., and 17.8 billion from India’s ONGC