Foreign Majors Get Mixed Results in Russia Exits

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The exit of international majors from Russia is showing mixed progress. Baker Hughes agreed to sell its Russian unit to the company's local operation. Shell said it is unlikely to apply for a stake in a new operating company for Sakhalin-2. BP is "unable to ascribe probabilities to possible outcomes of any exit process." It claims the situation is complicated by Moscow's restrictions on divestments of Russian assets by foreign investors.

Ukraine Crisis, Sanctions, Majors, Oil-Field Services
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