Shell seen clinching loan for Sakhalin

Royal Dutch Shell will likely secure a loan from the European Bank for Reconstruction and Development (EBRD) for its Sakhalin-2 oil and gas project off Russia’s Pacific coast, environmentalists and analysts say, but the real prize Shell seeks is not cash.

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Shell’s main aim is to win an environmental stamp of approval from the development lender for Eastern Europe and the former Soviet Union, analysts said. But issuing this may hurt the EBRD’s own green credentials.

Scotsman