BP, TotalEnergies, Equinor, and Shell have all transferred properties to Russian partners or left operations behind.
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.
"We made every effort to engage with the Russian government and other stakeholders," the Exxon spokesperson said. In April, Exxon disclosed a $3.4 billion write down on the Russia exit and this month signaled a third-quarter $600 million impairment charge for unidentified assets. Exxon had valued its Russia holdings at more than $4 billion.
The volume was just enough to provide natural gas to keep the lights on in the Russian cites of Khabarovsk and Vladivostok. About 700 Russia-based employees that kept operations running will be transferred to the new Russia company taking over the asset, Exxon said. Russian terms blocked it from transferring operations or negotiating a potential sale to Indian or Japanese partners, which indicated interest in keeping Sakhalin-1's supply.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Exxon fully withdraws from Russia after Putin seizes assetsExxon Mobil on Monday said it has fully exited Russia, with the energy giant saying that President Vladimir Putin had expropriated its assets in the country and 'unilaterally terminated' the company's Sakhalin-1 oil project.
Leer más »
Exxon fully exits Russia after Putin nationalizes assetsExxon announced its full exit from Russia after President Vladimir Putin nationalized the energy company's last assets in the country.
Leer más »
Russia Wipes Out Exxon’s Stake in Sakhalin Oil-and-Gas ProjectThe Kremlin has pushed Exxon Mobil out of a major Russian oil-and-gas project and transferred the Texas oil giant’s stake to a Russian entity, according to the U.S. company
Leer más »
Exxon fully withdraws from Russia after Putin seizes assetsExxon Mobil on Monday said it has fully exited Russia, with the energy giant saying that President Vladimir Putin had expropriated its assets in the country and 'unilaterally terminated' the company's Sakhalin-1 oil project.
Leer más »