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ExxonMobil suspended work with Rosneft on the Arctic project
ExxonMobil and Rosneft have suspended drilling of the Universitetskaya-1 offshore oil well in the Kara Sea, Bloomberg reports, citing experts familiar with the project.
Work stopped a few days after the ban, announced by the United States and the European Union, on the joint development of Arctic projects with Russia. The sanctions announced by the United States gave US companies time before September 26 to suspend all drilling and exploration activities.