ExxonMobil
will return to its Arctic partnership with Russian state-owned oil
company Rosneft once the US government lifts sanctions against
Moscow, a top executive said earlier this year.
According to
a Reuters report from April, Glenn Waller – who heads up Exxon’s
operations in Russia – announced that the US oil giant had not
given up on its joint venture in Russia’s Arctic waters, where it
shared 10 drilling licenses that it was forced to abandon in 2014 due
to US sanctions over Moscow’s involvement in the Ukraine conflict.
This comes
as Exxon CEO Rex Tillerson has emerged as President-elect Donald
Trump’s likely nominee for Secretary of State.
Tillerson,
who was awarded the ‘Order of Friendship’ by the Kremlin in 2012
and is known to be close to Russian president Vladimir Putin, has
been a staunch critic of sanctions.
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