The Russian General Prosecutor's Office is asking a court to recover 15.5 billion roubles ($220 million) in allegedly unpaid taxes from U.S. oil major ExxonMobil, local news agencies TASS and Interfax reported on Jan. 31 citing court documents.
The Sakhalin regional court website lists a claim against Exxon Neftegaz Ltd, ExxonMobil's Russian subsidiary, by the General Prosecutor's Office, without giving further details.
Exxon declined to immediately comment. The local court declined to disclose further details to Reuters as the company is not a party to the case. The Russian prosecutor's office did not reply to a request for comment.
Exxon last year issued force majeure and abandoned an offshore oil project on the Russian Pacific island of Sakhalin due to Western sanctions imposed on Moscow after it sent troops into Ukraine on what it called a "special military operation".
Moscow retaliated by blocking foreign investors' assets, in some cases also seizing them.
After Exxon's exit, Moscow established a new entity, managed by a subsidiary of Russian energy giant Rosneft, that owns investor rights in Sakhalin-1 project.
The next hearing of the case in Sakhalin is scheduled for Feb. 28, according to the court's web site.
Exxon took an impairment charge of $4.6 billion on its Russian activities in April. It also reduced local energy production and moved staff out of the country.
Russia last year approved requests by India's ONGC Videsh, the overseas investment arm of state-run Oil and Natural Gas Corp, and Sakhalin Oil and Gas Development Co (SODECO), a consortium of Japanese firms, to retain their respective 20% and 30% stakes in the Sakhalin project.
Recommended Reading
Trump-Backed Investors Go $90B Big in Pennsylvania
2025-07-16 - President Trump has joined energy and tech companies in a program pledging investments totaling $90 billion to boost AI efforts in Pennsylvania.
EQT Bags 1-Bcf/d Marcellus Deal for Data Center Power Plant
2025-07-15 - The Frontier Group of Companies plans to use gas supplied by EQT to convert a shuttered coal-fired power plant northwest of Pittsburgh to a gas-fired development in support of a new data center.
Super-Deep Midland Making Big Barrels—and Big Gas
2025-07-15 - The 4.6 Bcf/d of new Permian Basin gas takeaway may be followed by another 5.9-Bcf/d expansion, and “we believe all will be needed,” a KeyBanc Capital Markets analyst said of findings from deeper target Midland Basin wells.
E&P Highlights: July 14, 2025
2025-07-14 - Here’s a roundup of the latest E&P headlines, including a natural gas discovery in the Barents Sea and a new Woodside contract offshore Mexico.
Expro Wins Contract for Trion Deepwater Project Offshore Mexico
2025-07-14 - The services company will provide tubular running and cementing services for the project being developed by Woodside Energy and Pemex.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.