The Exxon Mobile oil company reported that the Russian government unilaterally stopped “its share in the Sakhalin -1 oil and gas project, the largest deposit that the company developed in the Russian Federation. The share was transferred to the local operator, reports Moscow Times.
The company said: “We safely left Russia after expropriation.”
The publication notes that the departure of Exxon Mobil in such circumstances increases the likelihood of a bailing of Russia to billions of dollars. In April, the company wrote off $ 4.6 billion in the form of donalog losses from the termination of business in Russia; This write-off was largely connected with Sakhalin-1. In March, Exxon Mobile reported that she intends to get out of the project where she was an operator and owned a share of 30%. And on October 7, Russian President Vladimir Putin signed a decree on the creation of a new operator, which will be managed by Rosneft.
before the start of the war in Ukraine, production on Sakhalin-1 was about 200,000 barrels per day, but after the administration of sanctions against Russia, it fell to about 10,000 barrels.