Norwegian energy group Equinor completes Russia exit

Equinor has completed its exit from Russia, delivering on a promise made after Russia's invasion of Ukraine in February, Report informs referring to Reuters.

This marks the first full, orderly exit from Russia by an international oil and gas company as pressure to leave mounts on others, such as TotalEnergies and ExxonMobil.

Equinor said on February 28 that it would begin the process of divesting from joint ventures in Russia, describing its position as "untenable" after the war started the previous week.

"Equinor can now confirm that the full exit from Kharyaga has also been completed," Equinor said on September 2. "Following the exit from Kharyaga, Equinor has no remaining assets or projects in Russia."

France's TotalEnergies, which has faced criticism at home for holding on to many of its assets in Russia, announced on August 26 that it had agreed to sell its stake in a Siberian gas field to local partner Novatek.

Shell and BP, meanwhile, have said they plan to leave Russia but have yet to complete their withdrawals.