FILE PHOTO: Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura arrives at Prime Minister Fumio Kishida's official residence in Tokyo, Japan August 10, 2022. REUTERS/Issei Kato
TOKYO (Reuters) -Japan will decide what to do about the Sakhalin-1 oil and gas project in Russia's Far East in consultation with its partners as it reviews details of a decree by Moscow, Japanese industry minister Yasutoshi Nishimura said on Tuesday.
Russia last week issued a decree allowing it to seize Exxon Mobil's 30% stake, and gave a Russian state-run company the authority to decide whether foreign shareholders, including Japan's SODECO, can retain their participation in the project.
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