Exxon Mobil Seeks U. S. Sanctions Waiver for Oil Project in Russia -

Exxon Mobil Seeks U. S. Sanctions Waiver for Oil Project in Russia -
By CLIFFORD KRAUSSAPRIL 19, 2017
HOUSTON — Exxon Mobil is pursuing a waiver from Treasury Department sanctions on Russia to drill in the Black Sea
in a venture with Rosneft, the Russian state oil company, a former State Department official said on Wednesday.
Black Sea offshore drilling rights also were included in a sweeping strategic partnership
that Exxon, under Mr. Tillerson, signed with the Russian state oil company later that year.
The oil industry official said that the application had been made in 2015, with Exxon Mobil arguing
that it could lose its contractual exploration rights in the Black Sea if it did not begin drilling operations by the end of 2017.