This marks the first full, orderly exit from Russia by an international oil and gas company. Read more at straitstimes.com.
OSLO - Equinor has completed its exit from Russia, the Norwegian energy group said on Friday, delivering on a promise made after Russia's invasion of Ukraine in February.
Equinor said on Feb 28 that it would begin the process of divesting from joint ventures in Russia, describing its position as"untenable" after the war started the previous week. It was then left with only one Russian asset to divest; the Arctic Kharyaga oilfield operated by Russia's Zarubezhneft and in which TotalEnergies is a partner.
France's TotalEnergies, which has faced criticism at home for holding on to many of its assets in Russia, announced on Aug 26 that it had agreed to sell its stake in a Siberian gas field to local partner Novatek.
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