September 14, 2017 / 2:10 PM / 10 months ago

Russia says signs out-of-court settlement with Exxon on Sakhalin-1

MOSCOW (Reuters) - Russia and U.S. oil major Exxonmobil (XOM.N) have signed an out-of-court settlement agreement regarding a legal dispute over the Sakhalin-1 oil and gas project, Russia’s finance ministry said in a statement on Thursday.

The Exxon Mobil gas station in Denver, Colorado United States July 28, 2017. REUTERS/Rick Wilking

“The sides have reached a mutually beneficial compromise,” the ministry said, adding that the agreement was signed on Sept. 12.

Russian President Vladimir Putin said on Sept. 7 that the dispute had been resolved.

Reporting by Darya Korsunskaya; Writing by Polina Devitt; Editing by Andrew Osborn

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below