Taking the Reset to the Russian Oil Rigs

Taking the Reset to the Russian Oil Rigs / Anders Aslund, Peterson Institute for International Economics, Op-ed in the National Interest, 5/09/2011

http://www.piie.com/publications/opeds/oped.cfm?ResearchID=1914

On August 30, ExxonMobil CEO Rex Tillerson concluded a big oil and gas deal with Rosneft president Eduard Khudainatov in the Russian seaside resort of Sochi. The world’s largest private energy company had made the biggest deal in Russian history between any foreign energy company and the largest state-dominated oil company. The signing ceremony was overseen by Prime Minister Vladimir Putin, who acts as the real chairman of « Russia Energy Inc., » and Deputy Prime Minister Igor Sechin, suggesting that the deal has Moscow’s full political support. This is a huge success for both ExxonMobil and Rosneft…


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