ExxonMobil challenges OFAC sanctions penalty

ExxonMobil has filed a motion to request a Texas federal court to set aside the $2m penalty it received in 2017 for dealing with Igor Sechin, the designated CEO of Rosneft (see post), who had signed the agreement for ExxonMobil and Rosneft to enter into a joint Arctic oil exploration venture. ExxonMobil argues that Executive Order 13661 targets Mr Sechin’s …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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