US oil giant declares Russia force majeure ...News

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US oil giant declares Russia force majeure
source : Russia Today ( News ) () 23
ExxonMobil has been having difficulties with export shipments from the Sakhalin 1 project ExxonMobil said on Wednesday that its Russian unit Exxon Neftegas has declared force majeure for its Sakhalin 1 operations due to sanctions. It has become increasingly difficult to ship crude to customers, the company explained. The Sakhalin 1 project produces Sokol crude oil off the coast of Sakhalin Island in Russia’s Far East, exporting about 273,000 barrels per day, mainly to South Korea, as well as other destinations including Japan, Australia, Thailand, and the US. Exxon announced last month it would exit about $4 billi

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