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.
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)
Read Next
Latest on Ukraine war
