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2018-03-04 11:20:00

EXXON LEAVES RUSSIA

EXXON ПОКИДАЕТ РОССИЮ

ROSNEFT - In connection with the notification ExxonMobil sent to the US Securities and Exchange Commission about withdrawing from some of the joint projects with Rosneft we would like to state the following:

- ExxonMobil together with Rosneft is one the global oil and gas industry leaders. The two companies carry out a whole range of mutually beneficial projects in the interests of their shareholders in different regions around the world.

- The decisions of ExxonMobil to abandon certain projects that fall under the legislative limitations once again imposed by the US government despite their successful development fully comply with the position of the American regulator that changed the way we collaborate on these projects.

- Rosneft would like to thank its partners for making every effort possible to get the approvals of the US competent authorities to continue being part of these projects. Rosneft and ExxonMobil will jointly work on legally formalizing this outcome in order to minimize the damage to the shareholders of both companies. After preparing the documents, Rosneft will inform the shareholders on the details of the arrangements according to the corporate standards in place.

- Rosneft will continue to unilaterally carry out these projects and will welcome ExxonMobil returning to these projects if such legislative opportunity arises. We will pursue our collaboration with ExxonMobil on projects that are not affected by the existing limitations as well as on future projects.

-----

Earlier:

EXXON & ROSNEFT: STOP DRILLING
2014, September, 19, 17:35:00

EXXON & ROSNEFT: STOP DRILLING

Exxon Said to Halt Arctic Oil Well Drilling on Sanctions

 

 

 

 РОСНЕФТЬ И EXXON НАЧАЛИ
2014, September, 2, 18:15:00

ROSNEFT & EXXON STARTED

Rosneft and ExxonMobil Started Field Studies in the Shelf Area of the Laptev Sea

 РОСНЕФТЬ & EXXON НАЧАЛИ
2014, August, 11, 18:30:00

ROSNEFT & EXXON STARTS DRILLING

Rosneft and ExxonMobil Start Drilling in the Kara Sea

 ROSNEFT & EXXON: CHUKOTKA FLIGHTS
2014, April, 8, 18:02:00

ROSNEFT & EXXON: CHUKOTKA FLIGHTS

Rosneft, ExxonMobil commence aerial gravity-magnetic surveys of Russian offshore blocks

 

 

 ROSNEFT & EXXON STARTS ARCTIC
2014, April, 4, 18:37:00

ROSNEFT & EXXON STARTS ARCTIC

Russia's Rosneft says starts surveys in Arctic JV with Exxon

 

 

 ROSNEFT & EXXON: LNG
2014, April, 1, 08:03:00

ROSNEFT & EXXON: LNG

Russia's Rosneft, with US partner Exxon, on track with LNG plant

 

 

 ROSNEFT & EXXON: KURDISTAN OIL
2014, March, 31, 08:30:00

ROSNEFT & EXXON: KURDISTAN OIL

Rosneft Said to Discuss Taking Stake in Exxon Kurdish Blocks

 

 

 

Tags: EXXON, MOBIL, ROSNEFT, RUSSIA, РОСНЕФТЬ, РОССИЯ
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