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Russia's Rosneft files $1.4 billion suit against Sakhalin-1 participants

The lawsuit has been filed against five entities, claiming 10 billion rubles from Sakhalinmorneftegaz, 7.5 billion from RN-Astra, and 17.8 billion from India's ONGC Videsh Ltd among others.

A logo of Russian state oil firm Rosneft is seen at its office in Moscow. Photo: Reuters
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A logo of Russian state oil firm Rosneft is seen at its office in Moscow. Photo: Reuters

Reuters Moscow
Russia’s largest oil company Rosneft filed an 89 billion rouble ($1.41 billion) lawsuit on Monday 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 July 10, 2015, and May 31, 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 rubles from Sakhalinmorneftegaz, 7.5 billion from RN-Astra, 26.7 billion from Exxon Neftegaz