MOSCOW (AFP) – US oil and gas giant ExxonMobil is suing Russia at the Swedish Arbitrage Court for back taxes it believes it overpaid on a joint project, the energy ministry said Thursday.A spokeswoman for Russias energy ministry confirmed to AFP the launch of the legal proceedings, but would not give further details.But Vedomosti business daily, which first reported the claim, quoted a source saying that ExxonMobil is seeking to recover part of $500 million in excess taxes it paid on its profits from the Sakhalin-1 project.ExxonMobil was not immediately available for comment.The energy giant has been paying 35 percent …read more
Source: Dunya TV
