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Norwegian energy firm Equinor completes Russia exit due to Ukraine war

Equinor had one asset left to divest from, a stake in the Arctic Kharyaga oilfield

Renewable energy
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Norwegian energy firm Equinor completes Russia exit due Ukraine war.

Reuters Oslo
Norwegian energy firm Equinor said on Friday it had completed its exit from Russia in the wake of Moscow's invasion of Ukraine, delivering on a promise made in February.
 
This marks the first full, orderly exit from Russia by an international oil and gas firm as pressure mounts on others, such as TotalEnergies and Exxon Mobil, to also leave.
 
Equinor on Feb. 28 said it would start the process of divesting from joint ventures in Russia, describing its position as "untenable" due to the outbreak of war the previous week.
 
Since then, Equinor had one asset left to divest from,

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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