×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russia's Energy Minister to Discuss Cooperation With ExxonMobil's CEO

Russian Energy Minister Alexander Novak

Russian Energy Minister Alexander Novak plans to discuss energy cooperation with the CEO of U.S. oil and gas major ExxonMobil, Rex Tillerson, at their meeting later Wednesday.

Novak also told reporters that both planned to discuss the Exxon-led Sakhalin-1 project, which produces more than 100,000 barrels of oil per day.

The Kommersant daily reported Wednesday that Exxon had asked the Russian government to reimburse taxes worth "several billion rubles" it says it overpaid on the Sakhalin-1 project in the far east of Russia.

Kommersant quoted a source as saying that ExxonMobil had threatened to lodge a claim with the Stockholm arbitration court unless Russia cut its taxes for the project in line with a lower profit tax that applies across the country.

Exxon in Moscow declined to comment on Tillerson's visit and on the Kommersant report.

Novak declined to say who Tillerson would also meet during his first official visit to Russia since Exxon halted cooperation with Russia's Rosneft in the Arctic last year because of Western sanctions over Ukraine.

Kommersant said that Tillerson would meet Finance Minister Anton Siluanov, Deputy Prime Minister Arkady Dvorkovich and Rosneft's Chief Executive Officer Igor Sechin.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more