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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