The Texas-based oil giant has projects lined up in the Black Sea alongside Russian state-owned Rosneft. A previous partnership in 2014 was broken over Russia’s annexation of Crimea and ensuing Western sanctions.American oil giant Exxon Mobil is seeking the green light from President Trump’s administration in order to resume drilling around the Black Sea with a state-owned Russian corporation.
Sanctions were placed on Russia after the country’s annexation of Crimea in 2014, but in general, the US Treasurey Department has allowed Exxon to do business with Rosneft. According to people familiar with the case, Exxon made a request to the US …read more
Source: Daily News Egypt