An arbitration hearing in Stockholm regarding the tax dispute between ExxonMobil and Russia over the Sakhalin 1 project has been deferred as both parties try to find a settlement out of court.
“Arbitration proceedings have been deferred several months. Both parties have made arrangements to continue discussions with the goal of settling unresolved issues out of court,” a representative of the Russian Finance Ministry told Interfax on Friday.
Exxon Neftegaz, an Exxon subsidiary and the operator of Sakhalin 1, has been trying since 2008 to secure a...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up