ExxonMobil to Discontinue Operations at Sakhalin-1, Make No New Investments in Russia

Posted on 03/02/2022

Exxon Mobil Corporation (ExxonMobil) ceased operations in Russia due to the Russian invasion of Ukraine. ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian, and Russian companies. In response to recent events, ExxonMobil are beginning the process to discontinue operations and developing steps to exit the Sakhalin-1 venture. Given the

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