ExxonMobil sets June deadline for Russian exit: press
ExxonMobil could be out of Russia by June 24, Reuters reported on April 21 citing two sources close to the matter.
The US oil and gas major said it would exit Russia on March 1. Staff recently began leaving its Sakhalin-1 oil and gas fields in the Russian Far East, where it has 30% interest, and Exxon has already escorted home US citizens advised to leave because of the Ukraine conflict, due to potential harassment by Russian officials.
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As of last year, Exxon employed more than 1,000 staff in Russia across four offices, in Moscow, St Petersburg, Yekaterinburg and Yuzhno-Sakhalinsk. The departure will mean Exxon no longer has any activity in the world's largest gas producer.
Exxon had also been working with Rosneft on the 6.2mn metric tons/yr capacity Far East LNG project, which would have added liquefaction capacity to Sakhalin 1. ExxonMobil suspended its role in that project earlier this month.
Elsewhere, Exxon is winding down its Russian chemicals and lubricant division. Its sales are now limited to existing contracts and essential products, the company told Reuters.