(MENAFN) US oil giant ExxonMobil has started drilling in Russia's Arctic amid US sanctions imposed on Rosneft, its Russian partner, Arab News reported.
The US sanctions imposed aim to starve Rosneft of dollar financing and ban access to modern technology.
Exxon brought an area from Norway to drill Russia's first well in the Kara Sea and its move will be seen as a vote of confidence in Rosneft.
"Today, commercial success is driven by efficient international cooperation," Russian president told Rosneft CEO and ExxonMobil's lead manager in Russia.
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