Exxon suspends exploration in Russia
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19/12/1998
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Asian Wall Street Journal (Hong Kong)
Exxon Corp., one of the few major Western oil companies that was actively exploring in Russia, has suspended drilling amid an environmental and legal dispute with the government. The Texas company said that it canceled its drilling activities after the State Ecological Committee failed to endrose Exxon's drilling plan for an oil well at its $15 billion Sakhalin project in the Russian Far East.