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Friday, April 21, 2017 12:25:43 AM
Exxon Seeks U.S. Waiver to Resume Russia Oil Venture
Exxon Mobil applied to Treasury for exemption to resume
venture with Rosneft forged in 2012 by Rex Tillerson
wonder how this one will turn out? HA!
n June 2012, Russia's President Vladimir Putin (center), watched by Rosneft Chief Executive Igor Sechin, shook hands with Rex Tillerson, who was then Exxon Mobil chief executive and is now U.S. secretary of state, at a signing ceremony at a Rosneft refinery in the Black Sea town of Tuapse. Photo: Mikhail Klimentyev/sputnik/Reuters
By Jay Solomon and Bradley Olson
Updated April 19, 2017 3:53 p.m. ET
WASHINGTON— Exxon Mobil Corp. XOM 0.65% has applied to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft, according to people familiar with the matter.
Exxon has been seeking U.S. permission to drill with Rosneft in several areas banned by sanctions and renewed a push for approval in March, shortly after its most recent chief executive, Rex Tillerson, became secretary of state on Feb. 1, according to one of these people. The company originally applied for a waiver to gain access to the Black Sea in July 2015 but its application wasn’t approved, the person said.
STINKS! Doesn't IT?
more stink here
https://www.wsj.com/articles/exxon-seeks-u-s-waiver-to-work-in-russia-despite-sanctions-1492620677
Exxon Mobil applied to Treasury for exemption to resume
venture with Rosneft forged in 2012 by Rex Tillerson
wonder how this one will turn out? HA!
n June 2012, Russia's President Vladimir Putin (center), watched by Rosneft Chief Executive Igor Sechin, shook hands with Rex Tillerson, who was then Exxon Mobil chief executive and is now U.S. secretary of state, at a signing ceremony at a Rosneft refinery in the Black Sea town of Tuapse. Photo: Mikhail Klimentyev/sputnik/Reuters
By Jay Solomon and Bradley Olson
Updated April 19, 2017 3:53 p.m. ET
WASHINGTON— Exxon Mobil Corp. XOM 0.65% has applied to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft, according to people familiar with the matter.
Exxon has been seeking U.S. permission to drill with Rosneft in several areas banned by sanctions and renewed a push for approval in March, shortly after its most recent chief executive, Rex Tillerson, became secretary of state on Feb. 1, according to one of these people. The company originally applied for a waiver to gain access to the Black Sea in July 2015 but its application wasn’t approved, the person said.
STINKS! Doesn't IT?
more stink here
https://www.wsj.com/articles/exxon-seeks-u-s-waiver-to-work-in-russia-despite-sanctions-1492620677
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