Energy project stake sale
Search documents
Russia extends deadline for sale of Exxon's Sakhalin-1 stake to 2027
Reutersยท 2025-12-24 14:28
Core Viewpoint - Russian President Vladimir Putin has extended the deadline for ExxonMobil's sale of its stake in the Sakhalin-1 oil and gas project until January 1, 2027, indicating a prolonged involvement of the company in the Russian energy sector [1] Group 1 - The extension of the deadline allows ExxonMobil more time to navigate the complexities of divesting its stake in the Sakhalin-1 project [1] - This decision reflects the ongoing geopolitical tensions and the impact on foreign investments in Russia's energy sector [1] - The Sakhalin-1 project is a significant oil and gas venture, and ExxonMobil's stake is crucial for its operations and future developments [1]