Polish Watchdog Clears Exxon, Hutton Energy Shale Gas Ventures

The Polish antitrust regulator, known as UOKiK, cleared joint ventures of Exxon Mobil Corp. and Hutton Energy Plc. to explore for shale gas in Poland, the watchdog said in an e-mailed statement.

Under a deal signed in August, Exxon will transfer 49 percent stakes in four exploration licences in Poland’s Podlasie basin to Hutton.

To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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