CANADA, FRANCE INTERESTED IN SAKHALIN'S OIL AND GAS

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YUZHNO-SAKHALINSK, June 2 (RIA Novosti) - A delegation of French and Canadian businessmen arrives in Sakhalin (an island in Russia's Far East) on Wednesday, said the administration of the Sakhalin region.

They are to consider prospects for cooperation with Russian companies.

French and Canadian companies are actively involved in Sakhalin's energy sphere. For instance, the Schlumberger corporation (France) cooperates with oil companies Rosneft-Sakhalinmorneftegaz and Exxon Neftegaz Ltd. French companies also participate in the reconstruction of Kholmsk port in Sakhalin's south-west, connected with Vanino port (the Khabarovsk territory) via the Tatar Strait.

Canadian businessmen arrive in Sakhalin as part of the program of cooperation development between Canadian and Sakhalin companies coordinated by the Canadian Embassy in Russia.

The Canadian economic mission already visited Sakhalin in March 2004 and outlined prospects for partnership development.

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