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"AP Source: Exxon seeks OK to resume Russian oil venture" Nope, no conflicts there
Posted by: Steve G.
Date: April 19, 2017 06:45PM
AP Source: Exxon seeks OK to resume Russian oil venture
[www.nydailynews.com]
WASHINGTON (AP) — Exxon Mobil is seeking permission from the U.S. government for approval to resume drilling around the Black Sea with a Russian partner, state-owned Rosneft, according to a person familiar with the matter.

The oil giant's request is being reviewed by the Trump administration and is certain to draw extra scrutiny because it involves a company formerly run by Secretary of State Rex Tillerson, who cultivated close ties with Russia and its president, Vladimir Putin.

The drilling venture was blocked when the U.S. imposed sanctions on Russia in 2014. Exxon applied to the Treasury Department for a waiver from the sanctions in 2015, during the Obama administration, according to the person, who spoke anonymously because the application process is confidential. Exxon has publicly disclosed licenses for other work in Russia that required waivers.

An Exxon spokesman said the company declined to comment on ongoing issues.

The Treasury Department, which would handle Exxon's application to drill around the Black Sea, did not respond to a request for comment.

A State Department spokesman said Tillerson has recused himself from any matters involving Exxon for two years and is not involved with any decision involving the company before any government agency. Tillerson retired as Exxon CEO at the end of last year. He has known Putin for about two decades — the Russian president awarded Tillerson a special honor in 2013.

Irving, Texas-based Exxon disclosed in regulatory filings in 2015 and 2016 that it received three licenses from the Treasury Department's Office of Foreign Assets Control to conduct "limited administrative actions" with Rosneft. The company said it was complying with all sanctions regarding investments in Russia.
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Re: "AP Source: Exxon seeks OK to resume Russian oil venture" Nope, no conflicts there
Posted by: Pam
Date: April 19, 2017 09:20PM
Who didn't see this coming?
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Re: "AP Source: Exxon seeks OK to resume Russian oil venture" Nope, no conflicts there
Posted by: samintx
Date: April 20, 2017 08:09AM
There is a word for what the Trump dynasty is doing to America that I fear the powers that be will let it continue for 4 years. They will end up laughing at how they did it at the highest levels. Republicans for the most part are enablers.



Edited 1 time(s). Last edit at 04/20/2017 08:10AM by samintx.
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Re: "AP Source: Exxon seeks OK to resume Russian oil venture" Nope, no conflicts there
Posted by: Bill in NC
Date: April 20, 2017 12:50PM
Was this one of the deals set up back when the previous administration was encouraging business deals in Russia?

Pre-Ukraine, doing business there was hunky-dory for U.S. firms.
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Re: "AP Source: Exxon seeks OK to resume Russian oil venture" Nope, no conflicts there
Posted by: Steve G.
Date: April 20, 2017 01:13PM
I didn't know you held Obama's foreign policy in such high esteem.
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Re: "AP Source: Exxon seeks OK to resume Russian oil venture" Nope, no conflicts there
Posted by: pdq
Date: April 20, 2017 01:54PM
Quote
Bill in NC
Was this one of the deals set up back when the previous administration was encouraging business deals in Russia?

Pre-Ukraine, doing business there was hunky-dory for U.S. firms.

Well, pre-Ukraine (and pre-Crimea and pre-Syria), I wouldn't have had a problem with US companies doing business with Russia, any more than with China.

But invading former client states changes things a bit, y'know?
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Re: "AP Source: Exxon seeks OK to resume Russian oil venture" Nope, no conflicts there
Posted by: Pam
Date: April 20, 2017 03:33PM
Quote
pdq
Quote
Bill in NC
Was this one of the deals set up back when the previous administration was encouraging business deals in Russia?

Pre-Ukraine, doing business there was hunky-dory for U.S. firms.

Well, pre-Ukraine (and pre-Crimea and pre-Syria), I wouldn't have had a problem with US companies doing business with Russia, any more than with China.

But invading former client states changes things a bit, y'know?

Thus the sanctions.
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