Ukraine approves a Black Sea oil and gas exploration bid led by ExxonMobil (XOM +0.1%) and Royal...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Ukraine approves a Black Sea oil and gas exploration bid led by ExxonMobil (XOM +0.1%) and Royal Dutch Shell (RDS.A +0.4%) in a "paradigm shift" to reduce reliance on Russian fuel imports, FT reports. The group, which also includes Ukraine's Nadra and Romania's OMV Petrom, is selected in a tender process over Russia's Lukoil (LUKOY.PK -0.2%).