Exxon Mobil Seeks U.S. Sanctions Waiver for Oil Project in Russia

Exxon Mobil is pursuing a waiver from Treasury Department sanctions on Russia so it may drill in the Black Sea in a venture with the Russian state oil company Rosneft, a former State Department official said Wednesday. An oil industry official confirmed the account. The waiver application was made under the Obama administration, the  officials said, speaking on condition of anonymity, and the company has not dropped the proposal.