ROYAL DUTCH TO LAUNCH RUSSIAN ACTIVITY; MOSCOW TO OPEN SAKHALIN AREAS TO BIDS

Units of the Royal Dutch/Shell Group are poised to take a role in the Russian petroleum industry. Shell Development Sakhalin BV agreed to join the MMM group conducting a feasibility study for development of Piltun-Astokhskoye and Lunskoye oil and gas fields off Sakhalin Island. And Shell Rossiya AO was registered in Moscow to operate upstream and downstream. Meantime, Moscow's ITAR-TASS news agency last week reported Russia will take international bids for exploration and development

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