Putin’s Sakhalin Decree May Allow Exxon to Reclaim Stake
A New Decree Opens the Door for ExxonMobil A new decree signed by Russian President Vladimir Putin on August 15 has created a path for foreign companies to regain a stake in the operator of the Sakhalin-1 oil and gas project. This development is particularly significant for the U.S. oil and gas corporation, ExxonMobil, which…