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Home>Exxon to wind down Russian Arctic drilling project

Exxon to wind down Russian Arctic drilling project

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Sat, 20 Sep 2014

ExxonMobil announced on Friday it is winding down its drilling campaign in the Russian Arctic, due to sanctions announced by the U.S. and EU this month. The Arctic exploration project, a joint venture with Russia's Rosneft, worth $700 million, is the biggest corporate casualty of sanctions. The oil
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