Equinor has started the process of exiting the company’s joint ventures in Russia
Published by Isabelle Keltie,
Editorial Assistant
Oilfield Technology,
Since then 27 February 2022, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of US$1.08 billion on the balance sheet as of 31 March 2022.
Equinor has now transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations. An agreement to exit the Kharyaga project has also been signed.
The exit from all Joint Ventures has been completed in accordance with Norwegian and EU sanctions legislation related to Russia.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/25052022/equinor-has-started-the-process-of-exiting-the-companys-joint-ventures-in-russia/
You might also like
US Department of the Interior releases assessment of undiscovered oil and gas resources in southwestern Wyoming
The US Department of the Interior has identified significant undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System.