Exxon Mobil warns Russia to honor contract

[IChing]

Exxon Mobil warns Russia to honor contract
Squabble is over rights to deposits in major project

By DEEPA BABINGTON
Reuters News Service

Exxon Mobil Corp. on Thursday warned Russia to honor a decade-old production-sharing agreement to develop the Sakhalin-1 oil and gas block or risk spooking other foreign investors in the country.

The statement comes as Russia and Irving-based Exxon Mobil squabble over whether the company has automatic rights to develop newly discovered reserves around existing deposits in the Sakhalin-1 project. Russia plans to auction off the new deposits, while Exxon Mobil believes its license territory should be automatically enlarged to include them.>>>>snip

Analysts have said the Kremlin — which had already alarmed foreign investors with its dogged pursuit of oil company Yukos for back taxes — is showing signs of increasing unhappiness with major projects controlled by foreign investors.

Weeks of pressure by Moscow on the rival Sakhalin-2, led by Royal Dutch Shell, culminated this week with Russia's environment watchdog saying it had asked a court to recognize that the scheme did not comply with ecological rules. Work would have to stop at that project if the suit is successful.
http://www.chron.com/disp/story.mpl/business/energy/4171481.html

Exxon is pissed and might ask Bush to invade!!! LOL

[thepurpose]

1. Exxon can order in Troops without Bush's permission can't they?

[0007]

2. The Carlyle Group will give the attack order!

[bahrbearian]

3. They did it in Iraq. and Afghanistan.

[cosmicdot]

9. a purchase order issued to Blackwater

or DynCorp probably could do the trick

corporations supercede nation-states in the new world disorder


Qty 1 Time and Material military action against Russia IAW attached Statement of Work

[praeclarus]

4. dominant institution of our time...

... it's not the church, and it's not any particular
government, it is The Corporation -- armed and dangerous.

The guns of american have long been an instrument of
The Corporation. It's getting kind of blatant now with
Exxon issuing orders to Russia. Pretense no longer required.

[Jack Rabbit]

5. Putin vs. ExxonMobil

As a 49ers fan, I get the same feeling about this that I get from a Redskins-Cowboys game: isn't there some way they can both lose?

I'm sure Exxon is giving the Russians good reason to be dissatisfied. Big corporations don't compete and don't think they need to produce a quality product or provide good service any more. If they're worried about competion from an upstart industry, they buy it out or make sure that their friends on Congressional committees don't give the upstarts any government contracts; as for doing business, the customer can whine about defective merchandise or lousy service until the cows come home, but the only recourse is to go to another firm suffering from corporate elephantitis which also produces defective merchandise and provides lousy service.

Of course, Putin is just a power hungry tyrant who may be looking for an excuse to assume more power or give his cronies a bigger piece of the action. Anybody who thinks he's got the welfare of the Russian people in mind should guess again. He's a late Soviet-era apparatchik, pure an simple. No wonder Bush could see into his soul.

[Amonester]

11. And that's why ** invited Poutine to make Russia a democracy...

like the *green* zone in uh-rack, and his ex-lover almost rolled on the floor laughing, along with the rest of the world, as he replied with his "No.... thanks" grin.

[dipsydoodle]

6. Given that Russia recently

paid off its entire overseas debt I shouldn't think they give a shit about Exxon Effing Mobil. The fact that they were able to do was of course contributed to by substantially increased oil prices. Guess * shot himself in the foot somewhere down the line.

[stillcool]

7. Is the administration so tarnished...

these guys have to do things under their own name?

[cliss]

14. Truly breathtaking, isn't it?

These past few years, I thought I was beyond being surprised....there is no depth this administration will stoop to.

.....I was wrong.....

[CHIMO]

8. Everything Old Is New Again

WTO Stalemate Said to Undermine Putin

By failing to reach an agreement with Russia on its accession to the World Trade Organization, the United States is undermining President Vladimir Putin and strengthening the hand of the siloviki, a senior Kremlin official said Thursday evening.

The official denied that the siloviki in the Kremlin had won the struggle for power over the more liberal camp represented by Economic Development and Trade Minister German Gref and Finance Minister Alexei Kudrin. The siloviki, he said, had no role in government strategy, only in its implementation.

But if the United States refused to sign off on Russia's WTO bid soon, it should not be surprised if the siloviki win, the official said, speaking to a group of foreign Russia experts on condition he not be further identified.

"For us young reformers, Putin is our hope," he said in response to a question from Andrew Kuchins of the Carnegie Endowment for International Peace.

http://www.themoscowtimes.com/stories/2006/09/08/010.html

[Bozita]

10. fascism - def - the blending of corporate and government interests

"Are we there yet?"

Mussolini coined the word. Prescient, truly prescient.

[Vidar]

12. It's hard to make Putin look good, but exxon has done it.

[ConcernedCanuk]

13. "risk spooking other foreign investors" ?? - umm - I don't think so . . .

.
.
.

I hear China is hungry for oil . . .

[TheLastMohican]

15. Exactly

If American companies are trying to create panic on the market they should think again. There is China and Europe always willing to take the place of US for the invstement into Russia's richies.
And Russia is not exactly a type of country you can go in with guns blazing. They also can kick some arse in so many departments.

[annabanana]

16. Welcome to the New Feudalism!

Quick, get job as a page boy to a corporate bigwig! Align yourself with the mega-corp of your choice. Remember not to wear purple or get above your station, or look directly at your lord.