Despite Sanctions, Russia’s Oil Industry Powers On


Despite Sanctions, Russia’s Oil Industry Powers On

Exxon Mobil Corp. is suffering from sanctions on Russia. The same can’t be said for other big Western energy companies, or for Russia’s oil production.

The sanctions, put in place by the U.S. and European Union in 2014 after Russia’s annexation of the Crimea region of Ukraine, were meant to limit Russia’s pursuit of new technology for extracting more crude oil and natural gas.

Submitted May 08, 2017 at 07:27AM by Steve_Johns
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