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Thursday, August 24, 2017

Western sanctions hinder Rosneft's ventures with ExxonMobil, others

Western sanctions have strained Russian oil company Rosneft's ventures and relations with ExxonMobil, as well as with Halliburton and Norwegian oil company NADL, Artur Chilingarov, a member of  Rosneft's board of directors, said.

The sanctions imposed by the U.S. caused ExxonMobil to suspend nine of 10 projects with Rosneft last month, including drilling at the Universitetskaya-1 well in the Kara Sea.

“In current conditions, further cooperation with these companies is complicated,” Chilingarov said.

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