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Date: 5 months ago   Category: Companies

Bloomberg: ExxonMobil can return to Russia


As reports the agency, negotiations concern expansion of cooperation of the American company with Rosneft. The discussed options of the business relations don't fall under present sanctions of the USA of the Photo: depositphotos.com Russia discusses with the ExxonMobil company possible new projects in the oil and gas sphere. Bloomberg with reference to sources reports about it. According to the agency, negotiations concern expansion of cooperation between Exxon and Rosneft. Also American giant has received a number of offers on new projects within the settlement agreement on taxes on the Sakhalin-I project. Before Exxon I have almost completely left Russia because of the anti-Russian sanctions of the USA concerning including the oil sector. As journalists have found out, the companies have offered new cooperation in extraction of natural gas and petrochemistry. Sanctions don't forbid to work in these branches though everything can change, the Deputy CEO for investments of Univer-Capital investment company Dmitry Aleksandrov:dmitry Alexandrov the deputy CEO for investments of IK "Univer Capital" "Says it is possible to carp either now, or then because it is always possible to expand the list of technologies or even the directions of cooperation which will appear under a ban subsequently. If offers aren't concluded now, and will be discussed only widely, then they can fall a victim of extension of sanctions too. I think, hardly they will be widely discussed just once again not to spark on themselves fire criticism. On the one hand, restrictions are introduced, with another — at the level of Trump's administration it is visible that the American power companies use certain benefices. Expansion of the oil and gas companies, anyway, will strongly not restrain". According to sources of Bloomberg if ExxonMobil agrees to cooperation, then agreements can be signed until the end of 2018. The American company, as well as her old partner Rosneft, have refused comments. ExxonMobil stated a regret more than once that sanctions have forced them to stop work in Russia. Experts note that Russia is interesting to such companies that there are many undeveloped fields. It is quite possible that cooperation will be resumed, the head of analytical management of National Energy Security Fund Alexander Pasechnik:aleksandr Pasechnik the head of analytical management of National Energy Security Fund "assumes Rosneft had quite good relations with Exxon, especially regarding development of alliance in the Kara Sea, but, as we know, sanctions have suspended this activity. Certainly, it is necessary to look for some new points. As for a sanctions regime, complexity, of course, remain, even the threat of new sanctions doesn't allow business to develop normally, brakes these or those projects. I doubt that the Ministry of Finance of the USA has approved new motives of cooperation of Rosneft and Exxon". Development of the Arctic shelf was the main project of ExxonMobil in Russia. After imposition of sanctions the company has winded down the work in

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