Oil giant Exxon Mobil (XOM) - Get Exxon Mobil Corporation Report is requesting a waiver from U.S. sanctions on Russia from the Treasury Department as it attempts to resume its joint venture with PAO Rosneft, sources told the Wall Street Journal.
Exxon has been seeking to rejoin Rosneft and drill in certain areas that have been banned by sanctions, and also recently requested a waiver to proceed in the Black Sea. The Black Sea request will likely be closely scrutinized by Congress as it looks to up sanctions on Russia for its alleged interference in last year's U.S. election, the Journal added.
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