Reuters reveals Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’


Energy

Reuters was first to report 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.

Article Tags

Topics of Interest: Energy

Type: Reuters Best

Sectors: Equities

Regions: Europe

Countries: Russia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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