BAKU, Azerbaijan, Sept.2. Norway’s Equinor has
accomplished full exit from Russia, Pattern reviews with regards to the
firm.
“On 25 Might 2022, Equinor introduced its exit from the 4 joint
ventures with Rosneft in addition to the signing of an settlement to
go away the Kharyaga undertaking.
Equinor can now verify that the total exit from Kharyaga has
additionally been accomplished,” stated the corporate.
As a part of the exit from Kharyaga, Equinor has in compliance
with relevant sanctions lined decommissioning liabilities
accrued and owed by Equinor through the years.
Following the exit from Kharyaga, Equinor has no remaining
belongings or initiatives in Russia.
The corporate determined to provoke the method of withdrawal from
its joint ventures in Russia on February 27. Since then, Equinor
has halted all new investments into Russia, stopped buying and selling oil and
fuel merchandise from Russia and introduced an impairment of $ 1.08
billion on the stability sheet as of 31 March 2022.
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