Exxon Mobil discuss new projects with Russia?

Bloomberg, citing its sources, reported that Russia has started discussions with Exxon Mobil Corp. over possible new oil and gas projects.

According to the agency, several options were prepared for Exxon, including in natural gas, refining or chemicals. Two officials said that none of options are currently subject to American sanctions.

The consultations could expand existing cooperation between the U.S. giant and Rosneft, Russian government officials said. Exxon and Rosneft declined to comment.

Exxon abandoned most of its joint ventures with Rosneft earlier this year due to a previous round of U.S. sanctions.