What would you do, to secure your share of a Half-Trillion dollar Deal of the Century?
Probably a LOT — if your were Donald Trump and a former CEO of Exxon
by Douglas Busvine and Vladmir Soldatkin, Reuters| MOSCOW —
Oil major ExxonMobil (XOM.N) and Russia's Rosneft ROSN.M unveiled an offshore exploration partnership on Wednesday that could invest upward of $500 billion in developing Russia's vast energy reserves in the Arctic and Black Sea.
Under the deal, signed in Moscow on Monday, Exxon and state-controlled Rosneft will seek to develop three fields in the Arctic with recoverable hydrocarbon reserves estimated at 85 billion barrels in oil-equivalent terms.
A final investment decision on the projects in the Kara Sea, in the centre of Russia's north coast, is expected in 2016-17, Rosneft said in a video presentation at the event, which was hosted by Exxon CEO Rex Tillerson and Rosneft President Eduard Khudainatov.
Hmmm … How much is 19% of a 85 Billion Barrels anyways?
Memos: CEO of Russia's state oil company offered Trump adviser, allies a cut of huge deal if sanctions were lifted
by Natasha Bertrand, businessinsider.com -- Jan 27, 2017
A dossier with unverified claims about President Donald Trump's ties to Russia contained allegations that Igor Sechin, the CEO of Russia's state oil company, offered former Trump ally Carter Page and his associates the brokerage of a 19% stake in the company in exchange for the lifting of US sanctions on Russia.
There WAS a reason WHY Rex Tillerson was awarded one of the highest honors in Russia, by the chief Russian autocrat himself — and it wasn’t because of his “winning personality”;
and there IS a reason WHY The Donald chose this Exxon CEO to be his Secretary of State — and it wasn’t because Rex and him go way back, and are good buds
by Andrew Restuccia, Politico.com — 03/11/2014
The standoff between the United States and Russia isn’t getting in the way of ExxonMobil’s lucrative relationship with Vladimir Putin’s regime. At least not yet.
The U.S.-based oil and gas giant has spent years cultivating ties with the Kremlin, reaching a multibillion-dollar exploration deal with state oil company Rosneft in 2011. Putin even awarded Exxon CEO Rex Tillerson the Order of Friendship, one of Russia’s highest honors, for the company’s “big contribution to developing cooperation in the energy sector.”
But Russia’s invasion of Ukraine’s Crimea region could complicate Exxon’s work in the country, especially if the United States imposes strict sanctions.
“There has been no — I mean to this point, the current situation obviously is early days — no impact on any of our plans or activities at this point,” Tillerson said during a March 5 analyst meeting. “Nor would we expect there to be any, barring governments taking steps that are beyond our control.”
And there IS a reason WHY all the back-channels communiques all involve “The Lifting of Sanctions — if Trump gets Elected.”
Because that half-Trillion dollar deal between Exxon and Rosneft was made years ago and is now on hold — and they're just chomping at the bit (the deep-water drill-bit, that is), to let’s the Arctic Extractions games begin …
America Multinationals First!