Exxon Neftegas Limited Exxon Neftegas Limited
Since 1998
Russia
Central Federal District of the Russian Federation
Moscow
31 Novinsky Boulevard, 5th Floor, 123242
Content |
Owners
2022
Withdrawal from Russia due to US sanctions imposed after the outbreak of the conflict in Ukraine
The reason for the shutdown of production on Sakhalin-1 was the refusal of the operator of the project of the American Exxon Mobil to ship oil to the Sovcomflot tankers, after as a result of US sanctions they lost coverage from Western insurers. Sovcomflot attracted a Russian insurer, but Exxon was not satisfied with this, although shipments from the Sakhalin-2 project continued in a completely similar situation. As a result, in October 2022, the Russian authorities suspended Exxon.
Exxon left Russia after the creation of the new operator Sakhalin-1.
2016: Sakhalin 1 Project Operator with 30% share
Exxon Neftegas Limited is the operator of the Sakhalin 1 Project.
Sakhalin-1 is a consortium that includes companies from Russia, Japan, India and the United States.
The operator is Exxon Neftegas Limited, a subsidiary of a private oil and gas company. ExxonMobil The share of participation in the project is 30%.
1998: Establishing a Company
The company was organized in 1998.
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