MARKETS

ExxonMobil considers litigation over barred withdrawal in Russia

US oil major ExxonMobil has notified Russian officials that it will sue the government unless Moscow allows the company to exit a major oil-and-gas project, The Wall Street Journal said yesterday, citing people familiar with the matter.

Tim Daiss
ExxonMobil considers litigation over barred withdrawal in Russia

A Kremlin decree banning certain transactions through the end of the year has blocked ExxonMobil since early August from transferring operatorship and selling its 30% stake in the Sakhalin-1 LNG project in...

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