ExxonMobil Readies Lawsuit Against Russia Over Megaproject Exit ...Middle East

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ExxonMobil Readies Lawsuit Against Russia Over Megaproject Exit
source : OILPRICE ( Middle East ) () 28
ExxonMobil could sue the Russian government over a decree from Vladimir Putin blocking the supermajor’s announced withdrawal from a massive oil project in Russia, The Wall Street Journal reports, citing sources with knowledge of the matter.  Exxon has already notified Russian authorities it could pursue legal action unless Russia allows the U.S. oil and gas giant to exit the Sakhalin-1 joint venture.  In the early days of the Russian invasion of Ukraine, Exxon said it would quit the Sakhalin-1 oil project in Russia. The company…

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