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Russia and ExxonMobil sign amicable agreement— Finance Ministry

Russia and ExxonMobil signed an amicable agreement on September 12 as part of a trial for production sharing in the Sakhalin-1 project

© AP Photo/Mark Humphrey

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Key facts about ExxonMobil and its business in Russia

MOSCOW, September 14. /TASS/. Russia and ExxonMobil signed an amicable agreement on September 12 as part of a trial for production sharing in the Sakhalin-1 project, Russia’s Finance Ministry said in a statement.

"On September 12, an amicable agreement was signed between Russia and ExxonMobil as part of the litigation on a claim for recovery of funds under a production sharing agreement for the Sakhalin-1 project. The parties reached a mutually beneficial compromise. On behalf of the Russian Federation the agreement was signed by Finance Minister Anton Siluanov," the ministry says.

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