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Exxon Mobil to discontinue operations at Russia’s Sakhalin-1 -Breaking


© Reuters. FILE PHOTO – A logo for Exxon Mobil Corp can be seen at Rio Oil and Gas Expo and Conference, Rio de Janeiro (Brazil), September 24, 2018. REUTERS/Sergio Moraes

(Reuters) – Exxon Mobil Corp (NYSE 🙂 stated Tuesday that they are beginning to cease operations as well as developing exit strategies for the Sakhalin-1 project in Russia.

According to the company, it will not invest in any new development in Russia.

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