Exxon Mobil is pursuing a waiver from Treasury Department sanctions on Russia to drill in the Black Sea in a venture with Rosneft, the Russian state oil company, a former State Department official said on April 19. An oil industry official confirmed the account.
New York Times: Exxon Mobil seeks US sanctions waiver for oil project in Russia
Russia's President Vladimir Putin (R) and ExxonMobil Chairman and CEO Rex Tillerson (L) attend at the ceremony of the signing of an agreement between state-controlled Russian oil company Rosneft and ExxonMobil in the Black Sea port of Tuapse on June 15, 2012. AFP PHOTO/ RIA-NOVOSTI/POOL/MIKHAIL KLIMENTYEV / AFP PHOTO / POOL / MIKHAIL KLIMENTYEV
