ExxonMobil is pulling out of its Arctic joint venture with Rosneft

ExxonMobil is giving up its comprehensive Arctic cooperation with Rosneft.

By Atle Staalesen, The Independent Barents Observer March 8, 2018
2403

It was ExxonMobil that signed the paychecks and contributed with key resources when a Norwegian rig in 2014 discovered the field which later was named Pobeda (or Victory). But the American firm will not be developing the huge deposit in the Kara Sea.

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