Contents tagged with ExxonMobil
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US authorities fine ExxonMobil for deal with Russian Rosneft
A notice regarding a fine for ExxonMobil was placed on the US Ministry of Finance’s website. The notice points out that company and its subsidiary organizations (ExxonMobil Development Co. and ExxonMobil Oil Corp.) violated §589.201 of the sanction legislation introduced in connection with the events in Ukraine. This paragraph imposes a ban on deals with entities on the sanction list.
The violation with the company’s involvement took place in the period between the 14th and the 23rd of May 2014 …
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U.S. authorities deny ExxonMobil cooperation with Rosneft in circumvention of sanctions
The U.S. Treasury announced that it would not make an exception for ExxonMobil, which asked for a temporary lifting of sanctions that prohibit the implementation of joint projects with Russian corporation Rosneft.
"In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to U.S. companies, including Exxon, to authorize drilling prohibited by current Russian sanctions," Voice of America quoted Treasury Secretary Steve Mnuchin as saying.
Oil giant …