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Sakhalin and the US strengthen investment cooperation

The governor of the Sakhalin region, Alexander Khoroshavin, met with the Consul General of the United States in Vladivostok Eric Holm-Olsen. They discussed issues of developing bilateral mutually beneficial cooperation in the economy and humanitarian sphere, the press service of the governor reports.

At the meeting, A. Khoroshavin noted that for a number of years the United States has occupied one of the leading places in the foreign trade of the Sakhalin Oblast, being one of the four main partners. Bilateral relations in the oil and gas complex are developing successfully. The largest shareholder in the Sakhalin-1 project is the American company ExxonMobil with a 30% share. Schlumberger and Fluor Daniel work as contractors on the island shelf.

He added that the island region cooperates with the United States and in other sectors: energy (equipment for new power units of the Yuzhno-Sakhalinsk CHP-1), food industry, construction, wholesale trade, hotel and restaurant business, transport, financial sphere.

According to A. Khoroshavin, the decisive role in the further development of relations between the Sakhalin Oblast and the United States can be played by investment cooperation in projects to create industries for the extraction and processing of raw materials in the region, modernize transport and develop tourism infrastructure, and several others. E.Holm-Olsen agreed that an important task of bilateral cooperation should be to attract American investment in the island region and strengthen bilateral relations at the interregional level.

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