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Sanctions hurt Russian Rosneft’s cooperation with Halliburton, NADL

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Rosneft devising legal strategy to fight Western sanctions in European courts

MOSCOW, October 20. /TASS/. Sanctions imposed by the West on Russian oil major Rosneft have a negative impact not only on its cooperation with ExxonMobil, but also with Halliburton and Norway’s NADL, Artur Chilingarov, member of the company’s board of directors, said in a news conference Monday.

“In the current conditions, further cooperation with these companies is complicated,” Chilingarov said.

In August, Rosneft and ExxonMobil started drilling the Universitetskaya-1 well in the Kara Sea, but in September, ExxonMobil suspended nine out of 10 projects with Rosneft, including the Universitetskaya-1 well, due to US sanctions.

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Oil & Gas Rosneft Cooperation Trade & Cooperation

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