ExxonMobil looking to sell its 50 pct stake of Neptun Deep project in the Black Sea

US giant Exxon Mobil is reportedly looking to sell its participation in the Neptun Deep project, which involves exploring and exploiting Black Sea gas, valuing this asset at USD 250 million, according to sources cited by Reuters. The company currently holds a 50 percent stake in the Neptun Deep project, while the remaining 50 percent is owned by OMV Petrom. So far, Exxon has invested over USD 750 million in the project. Exxon is ...

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