Exxon Mobil Seeks U.S. Sanctions Waiver for Oil Project in Russia

20 Apr 2017   Russia, USA

Exxon Mobil is pursuing a waiver from Treasury Department sanctions on Russia so it may drill in the Black Sea in a venture with the Russian state oil company Rosneft , a former State Department official said Wednesday. An oil industry official confirmed the account. The waiver application was made under the Obama administration, the officials said, speaking on condition of anonymity, and the company has not dropped the proposal. The proposal is now before the Trump administration at a delicate time in Russian-American relations, with rising tensions over the war in Syria and a looming congressional inquiry into reports of Russian efforts to influence the United States presidential election. The appeal did not come up during Senate confirmation hearings of Secretary of State Rex W. Tillerson , who was Exxon Mobil’s chief executive before his appointment by President Trump and was known to have a strong […]

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