Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Rosneft Denied

TOKYO - A member of the consortium handling the huge Sakhalin II oil and gas project in the Russian Far East said Tuesday that the group had refused a bid from Russia's state-owned oil company Rosneft for a stake in the deal.

"Sakhalin Energy has already refused the proposal from Rosneft," a Mitsubishi Corp. spokesman said.