Novak Unaware of other Firms Planning to Follow Exxon Steps

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Russian Energy Minister Alexander Novak said on Friday he was unaware if any other foreign energy company was planning to follow ExxonMobil’s example of quitting some of its projects in Russia.

Exxon said this week it had decided to exit some joint ventures with Russia’s Rosneft. citing Western sanctions first imposed in 2014.

Energy companies including BP. Total. Statoil and Eni are present in Russia. Exxon will keep its stake in Sakhalin-1 project in Russia’s fareast.