Ausmon Resources will collaborate with the Sakhalin Region of the Russian Federation to invest in the development of an oil refinery.
Ausmon selected JSC Sakhalin Oil Refinery to build the refinery.
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Under the agreement a working group will be established with representatives of the Sakhalin Government and Ausmon to oversee implementation of the project.
The collaboration paves the way for future joint development of other projects in the region in cooperation with the Sakhalin Government.
