Published 2 years ago

EXCLUSIVE Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

Summary by Ground News

Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties. Exxon did not say if it received any compensation for the assets, which it had valued at more than $4 billion. The company said it "safely exited" Russia after the government earlier this month "unilaterally terminated" its interests in the Sakhalin-1 oil and gas project.

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Reuters

EXCLUSIVE Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

By Sabrina Valle HOUSTON - Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which it had valued at more than $4 billion. An Exxon spokesperson

2 years ago·United Kingdom

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IBTimes

Exclusive-Exxon Exits Russia Empty-handed With Oil Project 'Unilaterally Terminated'

Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30%

2 years ago·United States

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OAN

Exclusive-Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

By Sabrina ValleHOUSTON (Reuters) – Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which it had valued at more than $4 billion. An Exxon spokesperson declined to comment on whether it will proceed to…

2 years ago·San Diego, United States

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Fortune

Exxon Mobil describes its exit from Russia as an 'expropriation,' saying the government there 'unilaterally terminated our interests'

The project has been transferred to a Russian operator,” an Exxon spokesperson said in a statement. Read More

2 years ago·New York, United States

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Business Today

Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

An Exxon spokesperson declined to comment on whether it will proceed to contest the seizure through an international arbitration process, a possibility flagged in August.

2 years ago·India

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nordot.app

Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which it had valued at more than $4 billion. An Exxon spokesperson declined to comment on whether it will proceed to con…

2 years ago

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EXCLUSIVE Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

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EXCLUSIVE Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

EXCLUSIVE Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

Exclusive-Exxon Exits Russia Empty-handed With Oil Project 'Unilaterally Terminated'

Exclusive-Exxon Exits Russia Empty-handed With Oil Project 'Unilaterally Terminated'

Exclusive-Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

Exclusive-Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

Exxon Mobil describes its exit from Russia as an 'expropriation,' saying the government there 'unilaterally terminated our interests'

Exxon Mobil describes its exit from Russia as an 'expropriation,' saying the government there 'unilaterally terminated our interests'

Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

Exxon exits Russia empty-handed with oil project 'unilaterally terminated'

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