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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 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>

In 1995 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 Compnay (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 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.