ExxonMobil Oil Refinery, Texas. File photoMOSCOW, Mar 2American oil and gas giant ExxonMobil has announced that it has begun working out steps to exit the Sakhalin-1 project due to the situation in Ukraine, where Russia is conducting a military operation.
& #34;ExxonMobil manages the "Sakhalin-1" on behalf of an international consortium of Japanese, Indian and Russian companies. In response to recent events, we are beginning the process of terminating activities and developing steps to exit the "Sakhalin-1" project, the company's press service reports.
It is noted that the process of termination of operations will need to be carefully monitored and closely coordinated with the co-founders to ensure its safe completion. ExxonMobil, headquartered in Texas, is one of the largest private oil companies in the world. In China, the company is engaged in the sale of liquefied natural gas and petrochemical products, and also operates two production facilities for lubricants. The Sakhalin-1 project is being implemented under a production sharing agreement. The project operator with a 30% share is Exxon Neftegas Ltd (Exxon Neftegas Limited, a subsidiary of ExxonMobil), Rosneft has 20%, Japanese Sodeco has 30%, and Indian ONGC has 20%. Russia launched a military operation in Ukraine early on the morning of February 24th. Russian President Vladimir Putin called it the goal of «protecting people who have been subjected to bullying and genocide by the Kiev regime for eight years.» For this, according to him, it is planned to carry out «demilitarization and denazification of Ukraine», to bring to justice all those responsible for the «bloody crimes against civilians» in Donbass. does not threaten. With the support of the Armed Forces of the Russian Federation, the DPR and LPR groups are developing an offensive. But the occupation of Ukraine is out of the question, the President of Russia stressed. Economic