Looks like the pressure is dialing up a notch. Quote:
Exxon Mobil Seeks U.S. Sanctions Waiver for Oil Project in Russia HOUSTON —
Exxon Mobil is pursuing a waiver from Treasury Department sanctions on Russia to drill in the Black Sea in a venture with
Rosneft, the Russian state
oil company, a former State Department official said on Wednesday. An oil industry official confirmed the account.
The waiver application was made under the Obama administration, the officials said, speaking on condition of anonymity, and the company has not dropped the proposal.
The proposal is now before the Trump administration at a delicate time in Russian-American relations, with rising tensions over the war in Syria and a looming congressional inquiry into reports of Russian efforts to influence the United States presidential election.
The appeal did not come up during Senate confirmation hearings for Secretary of State
Rex W. Tillerson, who was Exxon Mobil’s chief executive before his nomination by President Trump and was known to have a strong working relationship with President Vladimir V. Putin of Russia. At the time, Mr. Tillerson and other company officials said they had not lobbied against the sanctions, which were imposed on Russia in response to its military intervention in Ukraine.
But Mr. Tillerson and company officials did note that Exxon Mobil had received a waiver to complete drilling of an exploration well in Russia’s Arctic waters. Company officials also disclosed that they had urged Obama administration officials to make American sanctions consistent with European Union sanctions, which gave greater latitude to European companies to continue taking part in some Russian projects.
The Exxon Mobil waiver request for the Black Sea was reported Wednesday by The Wall Street Journal.
Asked about the waiver application, Alan Jeffers, an Exxon Mobil spokesman, said, “We don’t comment on ongoing issues.” A Treasury representative said the department would not comment on individual licenses or waiver requests.
The oil industry official said that the application had been made in 2015, with Exxon Mobil arguing that it could lose its contractual exploration rights in the Black Sea if it did not begin drilling operations by the end of 2017. European companies, particularly Eni, the Italian oil and gas giant, could then pick up the work.
The Russian news media quoted Zeljko Runje, Rosneft’s vice president for offshore projects, saying last June: “We are going to drill with Eni next year. That is our plan. On the Black Sea.”
Continue reading the main story
The devil made me do it the first time, second time I done it on my own - W