Exxon Mobil to discontinue operations at Russia’s Sakhalin-1

FILE PHOTO: Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro
– Exxon Mobil Corp said on Tuesday it is starting a process to discontinue operations and developing steps to exit the Sakhalin-1 venture in Russia.
The company said it would not invest in new developments in Russia.
(Reporting by Shivani Tanna in Bengaluru; Editing by Subhranshu Sahu)