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ExxonMobil sells 50% stake in Black Sea Deepwater Natural Gas for US$1.06 billion

 Last Update: 2021-12-04
 Source: Internet
 Author: User

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Sinochem News reported on November 3 that Exxon Mobil Corp.

According to a regulatory statement submitted to the Bucharest Stock Exchange on Tuesday, the transaction depends on whether Romgaz SA can obtain shareholder approval

Once the transaction is completed, ExxonMobil will transfer the right to operate the Neptun Deep project to Bucharest-based OMV Petrom, which will own another 50% of the shares

Since the restart of the strategy last year, ExxonMobil is prioritizing key projects in Guyana and the Permian Basin in the United States, as well as refining and chemical construction, when the company announced its first annual loss in four decades

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