Tuesday, April 1, 2014
Exxon Mobil In Russia
I know as little about complex foreign affairs as any journalist, but I have picked up from my reading the idea that Russia is now a capitalist nation devoted to a considerable extent to enriching its major corporations (who sponsor Putin). American and European corporations are heavily invested in Russian corporations, in joint projects, etc. Exxon
Mobil, based in Texas, is exploring for oil and gas in the Russian Arctic. Exxon
has
several joint ventures with Rosneft in and outside Russia. Exxon
operates and owns a major stake in
the largest offshore oil and gas project in the country, Sakhalin 1. And
so on. BP and others are also heavily invested in Russia. That might
explain why the corporate media have been telling us that Crimea is
Russia and maybe Ukraine is Russia, along with Moldavia and so on. The
bigger Russia gets, the better the investments look. (Someone recently added that Exxon and Russia have joint drilling ventures in the Caribbean.)
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