U.S. and Russia weigh joint oil venture off Sakhalin after the war
The venture would sit inside a wider U.S. push to end the war by offering economic incentives.
Published
The U.S. and Russia are weighing a joint oil venture off the Sakhalin coast, to be taken up once the war is over. The White House and the Kremlin have each indicated that a venture including U.S. and Russian oil companies could resume there as part of broader negotiations.
A report says the two sides also discussed including U.S. majors in a plan to resume Russian oil deliveries to Europe through the Druzhba pipeline. The report says any accords would form part of a larger U.S. effort to end the war by offering incentives.
The Sakhalin idea turns an energy incentive from a general concept into a named project with a set location. Adding the Druzhba plan shows Washington placing several commercial offers on the same track: oil, diesel and now a joint venture. That track already produced an arrangement on diesel on October 14. None of these offers has settled Moscow's precondition on Donbas, which has outlasted every earlier energy or asset offer. Whether this proposal holds will depend on whether it survives the Abu Dhabi talks, which are scheduled for November.
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