General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsExxon Mobil has also said it will exit Russia oil and gas operations that it has valued at more than
$4b and halt new investment as a result of Moscows invasion of Ukraine.
The decision will see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island in Russias Far East, and puts the fate of a proposed multi-billion dollar liquefied natural gas (LNG) facility there in doubt, Reuters reports.
We deplore Russias military action that violates the territorial integrity of Ukraine and endangers its people, the company said in a statement critical of the intensifying military attacks.
sabbat hunter
(6,825 posts)will be taking writeoffs, if Putin holds to his word of not allowing companies to sell holdings inRussia.
yaesu
(8,020 posts)most of Russia's funds used to run the country is in ours & EU banks, if he can stop big oil from selling their holdings, which I doubt, big oil will get their money from those funds I have no doubt.
BigmanPigman
(51,430 posts)CrackityJones75
(2,403 posts)Gotta watch these scumbags because they frequently go back on their words.
gab13by13
(20,864 posts)BP sold off its 20% stake in Rosneft.
Exxon Mobil pulled out 1,000 US employees and stated it would not enter into future deals in Russia.
60% of Russia's exports are from oil and gas.