Seeking Alpha

ExxonMobil (XOM) and Rosneft could invest upwards of $500B in developing Russia's huge energy...

ExxonMobil (XOM) and Rosneft could invest upwards of $500B in developing Russia's huge energy reserves in the Arctic and Black seas as part of their partnership, which they signed on Monday. Exxon CEO Rex Tillerson says Russia's commitment to a more friendly tax environment was crucial to the deal being signed. Are you listening Cristina Kirchner?
Comments (3)
  • Naturally, XOM sought a more friendly tax environment before investing.
    18 Apr 2012, 01:51 PM Reply Like
  • Does anyone think this is a 2 year LEAP opportunity?
    19 Apr 2012, 09:50 AM Reply Like
  • Putin knows that if he doesn't open up now, shale oil revolution will bury his regime in a few years.
    22 Apr 2012, 07:21 AM Reply Like
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