The head of the Sakhalin Region announced a breakthrough in the issue of Exxon's return to Sakhalin-1

The governor of the Sakhalin Region, Valery Limarenko, called the publication of the decree of Russian President Vladimir Putin, which created the conditions for the return of the American oil and gas company ExxonMobil to the Sakhalin-1 project, an important step forward. He stated this on September 3 in an interview with RBC.

He said that former US President Joe Biden violated the "economic logic of the American oil business." Limarenko also noted that the Sakhalin-1 project is beneficial for the United States and for American ExxonMobil in particular, therefore, the company's withdrawal from it was a mistake.

"And I want to tell you that if the presidents agree and Exxon returns, the cooperation that began a couple of decades ago will continue," he concluded.

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The Wall Street Journal reported on August 26 that ExxonMobil is considering a return to the Russian market. It is noted that Exxon executives appealed to the US government for support in the event of the company's return to the Russian Federation. The publication stressed that ExxonMobil CEO Darren Woods discussed with US President Donald Trump the possible resumption of Exxon's activities in Russia.

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