In 2003, ExxonMobil negotiated on purchase of a significant stake in YukosSibneft but the negotiations were suspended after the arrest of former CEO of YUKOS Mikhail Khodorkovsky. State officials also deprived ExxonMobil of the possibility to receive the license for Sakhalin-3 block without any tender.
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ExxonMobil Invasion of Russia Near»
ExxonMobil's appointment of Rex Tillerson to the post of company president....
ExxonMobil's appointment of Rex Tillerson to the post of company president may confirm growth in interest of ExxonMobil in Russia.
It is Tillerson who is curator of company's investments in Russia. So far, the company has only one project in the country, the Sakhalin-1 project on production sharing terms.
In 2003, ExxonMobil negotiated on purchase of a significant stake in YukosSibneft but the negotiations were suspended after the arrest of former CEO of YUKOS Mikhail Khodorkovsky. State officials also deprived ExxonMobil of the possibility to receive the license for Sakhalin-3 block without any tender.
At any rate, the interest of ExxonMobil in Russia did not grow weaker. Being the largest public oil company it is interested in the country with the largest oil reserves, says Tillerson. According to him, the question is not whether ExxonMobil will invest in Russia or not, but when there are conditions suitable for this.
In 2003, ExxonMobil negotiated on purchase of a significant stake in YukosSibneft but the negotiations were suspended after the arrest of former CEO of YUKOS Mikhail Khodorkovsky. State officials also deprived ExxonMobil of the possibility to receive the license for Sakhalin-3 block without any tender.
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