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ExxonMobil says withdrawing from key Russian oil field

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ExxonMobil says withdrawing from key Russian oil field

NEW YORK, United States (AFP) – US oil giant ExxonMobil announced Tuesday it will begin a phased withdrawal from the major oil field it operates in Russia on behalf of a consortium including Russian, Indian and Japanese companies, citing Moscow’s invasion of Ukraine. “In response to recent events, we are beginning the process to discontinue operations and developing steps to exit the Sakhalin-1 venture,” the group said in a statement. The group added that it […]

   

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