The Norwegian energy company Equinor informed this Monday (28) that it has decided to stop new investments in Russia and start the process of exiting its joint ventures Russian forces after Moscow’s attack on Ukraine.
The decision follows the announcement by British giant BP, announced on Sunday (27), that it will leave its nearly 20% stake in Russian oil company Rosneft.
“We are all deeply concerned about the invasion of Ukraine,” Chief Executive Anders Opedal said in a statement posted on the company’s website. “In the current situation, we consider our position to be untenable,” he adds.
Equinor has been in Russia for over 30 years, with a cooperation agreement signed with Russian oil company Rosneft in 2012. The Norwegian company has around 70 employees in the country, where it produces around 25,000 barrels of oil a day.
At the end of 2021, Equinor had $1.2 billion in non-current assets in Russia. “We hope that the decision to start the exit process from joint ventures in Russia affects the book value of Equinor’s Russian assets and leads to losses,” the company said.
In the statement, Equinor said it maintains close contact with authorities in Norway, the European Union, the United States and other countries and will continue to comply with any new sanctions relevant to its operations.
Source: CNN Brasil
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