ExxonMobil leaves behind a major stake in the Sakhalin-1 oil and gas project US energy giant ExxonMobil announced on Monday that it has left Russia completely, discontinuing operations in the Sakhalin-1 project in the country’s Far East, after it was transferred to a local entity. “With two decrees, the Russian government has unilaterally terminated our interests in Sakhalin-1 and the project has been transferred to a Russian operator,” the company said in a statement, adding, “We have safely exited Russia following the expropriation.” Exxon did not elaborate on whether it received compensation for the assets, whi
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