Reuters reveals Exxon exits Russia empty-handed with oil project 'unilaterally terminated' | Reuters News Agency
Energy

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

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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