Rosneft reportedly suspended an oil project in the Yuzhno-Chernomorsky area of the Black Sea due to western sanctions.
Rosneft had partnered with Exxon-Mobil and Eni a few years ago to work on joint-exploration projects in the Black Sea and other areas.
While US sanctions block Exxon from working with Rosneft, the EU version of the sanctions includes a grandfather clause for existing projects, which has allowed Eni to continue working with Rosneft.
Russian oil behemoth Rosneft has...
READ FULL ARTICLE »