Putin Trumps and Trumps and Trumps... Obama

On top of all the various countries, including China, that have signed new deals with Russia, even US and UK companies are ignoring the "sanctions" mentality being urged by the very weak and mistaken-on-Russia Obama administration.


Tom Usher

Exxon Mobil Corp. (XOM:US), the largest U.S. oil company, went ahead with a deal to deepen its ties with Rosneft yesterday, even after the Obama administration urged American CEOs to skip Putin’s annual economic showcase. Exxon sent Neil Duffin, head of the Irving, Texas-based company’s development unit, to sign an accord with Sechin that involves drilling for crude in the Arctic and Siberia and liquefying natural gas for export.

BP signed its first accord with Rosneft since the Moscow-based company’s $55 billion acquisition of BP’s TNK-BP venture with a group of billionaires last year. BP, based in London, agreed to $300 million of financing for a joint development of deposits near Kazakhstan.

Source: Putin’s Energy Trumps U.S. Sanctions as Rosneft Extends Reach - Businessweek.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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