Crimea crisis brings uncertainty to energy giants


Major oil companies are facing a legal limbo over Black Sea energy prospects because of Crimea's decision to hold a referendum over whether to secede from Ukraine and join Russia.

A consortium that includes Exxon (XOM) and Shell (RDS.A, RDS.B) planned to invest $735M on drilling two wells off Crimea, while Eni (E) has a license to explore in the region.

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Comments (1)
  • smurf
    , contributor
    Comments (6271) | Send Message
     
    These big boys will be just fine. They always are. Invest on any precipitous pullbacks.
    11 Mar 2014, 09:36 AM Reply Like
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