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ExxonMobil in talks with Rosneft to return to Russia
Jin10 data August 27 - According to insiders, during secret talks this year in Qatar with the Russian oil company, an executive from Exxon Mobil (XOM.N) discussed the possibility of the company returning to the vast Sakhalin project on the Russian Far East coast if both governments grant permission in the Ukraine peace process. The Exxon executive has requested support from the U.S. government for the company’s return to Russia, and has received a positive response. According to senior government officials, Exxon Mobil CEO Darren Woods recently discussed this possibility with Trump at the White House. The Sakhalin-1 project is one of Exxon Mobil’s largest investments, with the company responsible for operations and holding a 30% stake. Insiders say that discussions about restoring cooperation between Exxon Mobil and Russia accelerated when Trump took office in January.