Exxon-Mobil Sells Back Alaska To Russia

Well at least a part of the North Slope, as George W. President was fond of saying nobody tells Exxon-Mobil what they can or can not do:

“Russia’s largest oil company Rosneft signed a deal with ExxonMobil on Wednesday, giving the US energy giant access to explore Russia’s Arctic shelf in return for the ability to acquire a stake in the Alaska gas field, APA reports quoting Ria Novosti.

The agreement “provides Rosneft (or its affiliate) an opportunity to acquire a 25 percent interest in the Point Thomson Unit, which covers development of a remote natural gas and condensate field on Alaska’s North Slope,” the companies said in a joint statement on Wednesday.”


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