Equinor exits all Joint Ventures in Russia
On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia.
Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of USD 1.08 billion on the balance sheet as of 31 March 2022.
Equinor has now transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations. An agreement to exit the Kharyaga project has also been signed.
The exit from all Joint Ventures has been completed in accordance with Norwegian and EU sanctions legislation related to Russia.
Latest news
Equinor’s 2025 safety results
The accident at Equinor's refinery at Mongstad in September, where a colleague lost his life during a lifting operation, has had a major impact on the company.
Empire Wind granted preliminary injunction allowing construction to resume
The U.S. District Court for the District of Columbia today granted Empire Offshore Wind LLC (Empire) a preliminary injunction that allows construction activities to resume on the Outer Continental Shelf for the Empire Wind project.
Invitation to send estimates for fourth quarter financial results
Equinor invites analysts with coverage of the company to provide estimates for the fourth quarter adjusted results.