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9 Dec 2024, 15:41

Putin extends period for Exxon stake sale in Sakhalin-1 until early 2026

The deadline for the sale of the stake was extended several times since creation of a new operator of the Sakhalin-1 project in fall 2022

MOSCOW, December 9. /TASS/. Russian President Vladimir Putin extended the period for the sale of the stake held by Exxon in the Sakhalin-1 project until January 1, 2026, according to the decree of the head of state.

The sale was planned earlier to be completed by January 1, 2025.

The deadline for the sale of the stake was extended several times since creation of a new operator of the Sakhalin-1 project in fall 2022.

ExxonMobil announced in March 2022 that it withdraws from the Sakhalin-1 project and exits from Russia.