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Ukraine war

Exxon downsizes staff as it prepares to exit Russia's Sakhalin-1

Oil giant starts cutting production as it declares force majeure

Half the oil Japan imports from Russia comes from the Sakhalin-1 project. (Photo courtesy of Exxon Neftegas via Kyodo)

TOKYO -- Exxon Mobil is downsizing operational staff at Sakhalin-1, an oil production project in Russia's Far East, and is preparing to exit the business, sources from the Japanese government and Exxon told Nikkei.

Japan's supply of oil from Russia could be impacted as half of it comes from Sakhalin-1.

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