You are here: Home » Reuters » News
Business Standard

Exxon seeks waiver from U.S. sanctions on Russia - WSJ

Reuters 

(Reuters) - Corp has applied to the Treasury Department for a waiver from U.S. on as the major looks to resume its joint venture with Rosneft , the Journal reported on Wednesday.

has been seeking permission from the United States to drill with the Russian state-owned Rosneft in certain banned areas and applied in recent months for a waiver to proceed in the Black Sea, the newspaper reported, citing people familiar with the matter. (http://on.wsj.com/2osAxzB)

The company wound down drilling in Russia's Arctic in 2014 in the face of U.S. targeting cooperation between Western companies and Moscow's sector.

and Rosneft in 2012 unveiled an offshore exploration partnership that could invest upward of $500 billion in developing Russia's vast energy reserves in the Arctic and Black Sea.

Economic were imposed on following its annexation of the Crimea region in 2014 and its alleged role in the conflict in eastern Ukraine.

Relations between and the U.S. President Donald Trump have dimmed in recent times. There has also been pressure from Trump's fellow Republicans in Congress and European allies anxious over any sign that the president might prematurely ease imposed on

Rex Tillerson, Exxon's former chief executive, was named as U.S. Secretary of State in February, despite concerns about his ties to

(Reporting by Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Exxon seeks waiver from U.S. sanctions on Russia - WSJ

(Reuters) - Exxon Mobil Corp has applied to the Treasury Department for a waiver from U.S. sanctions on Russia as the oil major looks to resume its joint venture with Rosneft , the Wall Street Journal reported on Wednesday.

(Reuters) - Corp has applied to the Treasury Department for a waiver from U.S. on as the major looks to resume its joint venture with Rosneft , the Journal reported on Wednesday.

has been seeking permission from the United States to drill with the Russian state-owned Rosneft in certain banned areas and applied in recent months for a waiver to proceed in the Black Sea, the newspaper reported, citing people familiar with the matter. (http://on.wsj.com/2osAxzB)

The company wound down drilling in Russia's Arctic in 2014 in the face of U.S. targeting cooperation between Western companies and Moscow's sector.

and Rosneft in 2012 unveiled an offshore exploration partnership that could invest upward of $500 billion in developing Russia's vast energy reserves in the Arctic and Black Sea.

Economic were imposed on following its annexation of the Crimea region in 2014 and its alleged role in the conflict in eastern Ukraine.

Relations between and the U.S. President Donald Trump have dimmed in recent times. There has also been pressure from Trump's fellow Republicans in Congress and European allies anxious over any sign that the president might prematurely ease imposed on

Rex Tillerson, Exxon's former chief executive, was named as U.S. Secretary of State in February, despite concerns about his ties to

(Reporting by Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Exxon seeks waiver from U.S. sanctions on Russia - WSJ

(Reuters) - Corp has applied to the Treasury Department for a waiver from U.S. on as the major looks to resume its joint venture with Rosneft , the Journal reported on Wednesday.

has been seeking permission from the United States to drill with the Russian state-owned Rosneft in certain banned areas and applied in recent months for a waiver to proceed in the Black Sea, the newspaper reported, citing people familiar with the matter. (http://on.wsj.com/2osAxzB)

The company wound down drilling in Russia's Arctic in 2014 in the face of U.S. targeting cooperation between Western companies and Moscow's sector.

and Rosneft in 2012 unveiled an offshore exploration partnership that could invest upward of $500 billion in developing Russia's vast energy reserves in the Arctic and Black Sea.

Economic were imposed on following its annexation of the Crimea region in 2014 and its alleged role in the conflict in eastern Ukraine.

Relations between and the U.S. President Donald Trump have dimmed in recent times. There has also been pressure from Trump's fellow Republicans in Congress and European allies anxious over any sign that the president might prematurely ease imposed on

Rex Tillerson, Exxon's former chief executive, was named as U.S. Secretary of State in February, despite concerns about his ties to

(Reporting by Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22