tinydancer
Diamond Member
Ruh roh. I guess the Ukraine was promising this as part of their sign in package to the EU.
And how long during the coup errrrrrrrrr rebellion was US Exxon Mobil and UK Dutch Shell in negotiations with the Ukraine?
Always follow the money eh? Crimea was the jewel in the crown for many reasons. There's more than this excerpt at the link.
Oil and gas prize
The big economic prize in Crimea lies to the south, in the Black Sea natural gas fields.
Extraction from these fields has the potential to be substantial - up to 7 million tons in annual production capacity, by Bloomberg estimates.
US ExxonMobil and UK/Dutch Shell have also been in talks with Ukraine about deepwater offshore oil drilling, but the only problem is, all this oil is located under Crimean waters. The deal is estimated at $1 billion.
ExxonMobils Black Sea offshore plans are currently on hold, senior vice president Andrew Swiger told investors at an early March meeting.
On Thursday, Crimeas authorities took under their umbrella Ukrainian oil and gas fields in the Black and Azov seas, according to the speaker of Crimeas parliament, Vladimir Konstantinov.
He supports Russias Gazprom taking control of the oil and gas assets.
Crimea?s economy in numbers and pictures ? RT Business
And how long during the coup errrrrrrrrr rebellion was US Exxon Mobil and UK Dutch Shell in negotiations with the Ukraine?
Always follow the money eh? Crimea was the jewel in the crown for many reasons. There's more than this excerpt at the link.
Oil and gas prize
The big economic prize in Crimea lies to the south, in the Black Sea natural gas fields.
Extraction from these fields has the potential to be substantial - up to 7 million tons in annual production capacity, by Bloomberg estimates.
US ExxonMobil and UK/Dutch Shell have also been in talks with Ukraine about deepwater offshore oil drilling, but the only problem is, all this oil is located under Crimean waters. The deal is estimated at $1 billion.
ExxonMobils Black Sea offshore plans are currently on hold, senior vice president Andrew Swiger told investors at an early March meeting.
On Thursday, Crimeas authorities took under their umbrella Ukrainian oil and gas fields in the Black and Azov seas, according to the speaker of Crimeas parliament, Vladimir Konstantinov.
He supports Russias Gazprom taking control of the oil and gas assets.
Crimea?s economy in numbers and pictures ? RT Business