Difference between revisions of "Rex Tillerson"
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'''Rex Tillerson''' is the 96th United States Secretary of State, serving in the [[Trump Administration]]. Formerly, he served as the head of [[ExxonMobil]]. | '''Rex Tillerson''' is the 96th United States Secretary of State, serving in the [[Trump Administration]]. Formerly, he served as the head of [[ExxonMobil]]. | ||
| − | In 1995, while [[Boris Yeltsin]] was the Russian president, Tillerson negotiated a deal with [[Vladimir Putin]] for exploration of oil reserves and oil drilling in Russia which included part ownership of the reserves and operating well sites for ExxonMobil.<ref>[https://books.google.com/books?id=pbOKDQAAQBAJ&pg=PA256&lpg=PA256&dq=rosneft+tillerson+1995&source=bl&ots=VMUbD8ssxN&sig=HOEeCaLsHgvZldujdVXJY_S9K5k&hl=en&sa=X&ved=0ahUKEwj3iOeUlpjSAhWIwFQKHaTZDHYQ6AEIhAEwGw#v=onepage&q=rosneft%20tillerson%201995&f=false]</ref> This deal differed from many past oil concession deals involving American companies. For example, under the joint effort of the Arab-American Oil Company (later Aramco), ownership of the reserves, which tend to have far greater value than operating well sites, remained with the Kingdom of [[Saudi Arabia]], whereas only the costs of production from operating wells and profits were split evenly between the Saudi kingdom and a consortium of US oil companies. | + | In 1995, while [[Boris Yeltsin]] was the Russian president, Tillerson negotiated a deal with [[Vladimir Putin]] for exploration of oil reserves and oil drilling in Russia which included part ownership of the reserves and operating well sites for ExxonMobil.<ref>[https://books.google.com/books?id=pbOKDQAAQBAJ&pg=PA256&lpg=PA256&dq=rosneft+tillerson+1995&source=bl&ots=VMUbD8ssxN&sig=HOEeCaLsHgvZldujdVXJY_S9K5k&hl=en&sa=X&ved=0ahUKEwj3iOeUlpjSAhWIwFQKHaTZDHYQ6AEIhAEwGw#v=onepage&q=rosneft%20tillerson%201995&f=false]</ref> The revenues this deal brought into the Russian government's treasury enhanced Putin's rise as Yeltsin's successor. |
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| + | This deal differed from many past oil concession deals involving American companies. For example, under the joint effort of the Arab-American Oil Company (later Aramco), ownership of the reserves, which tend to have far greater value than operating well sites, remained with the Kingdom of [[Saudi Arabia]], whereas only the costs of production from operating wells and profits were split evenly between the Saudi kingdom and a consortium of US oil companies. | ||
In 2013 Tillerson was awarded the Russian Order of Friendship. | In 2013 Tillerson was awarded the Russian Order of Friendship. | ||
Revision as of 23:01, February 17, 2017
| Rex Tillerson | |
|---|---|
| 69th United States Secretary of State From: February 1, 2017-Present | |
| President | Donald Trump |
| Predecessor | John Kerry |
| Successor | Incumbent (no successor) |
| Information | |
| Party | Republican |
| Spouse(s) | Renda St. Clair |
Rex Tillerson is the 96th United States Secretary of State, serving in the Trump Administration. Formerly, he served as the head of ExxonMobil.
In 1995, while Boris Yeltsin was the Russian president, Tillerson negotiated a deal with Vladimir Putin for exploration of oil reserves and oil drilling in Russia which included part ownership of the reserves and operating well sites for ExxonMobil.[1] The revenues this deal brought into the Russian government's treasury enhanced Putin's rise as Yeltsin's successor.
This deal differed from many past oil concession deals involving American companies. For example, under the joint effort of the Arab-American Oil Company (later Aramco), ownership of the reserves, which tend to have far greater value than operating well sites, remained with the Kingdom of Saudi Arabia, whereas only the costs of production from operating wells and profits were split evenly between the Saudi kingdom and a consortium of US oil companies.
In 2013 Tillerson was awarded the Russian Order of Friendship.