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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, while [[Boris Yeltsin]] was the Rissian president, 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 Company (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 from operating wells and profits were split evenly between the Saudi kingdom and a consortium of US oil companies.
In 1995, while [[Boris Yeltsin]] was the Russian president, 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 Company (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 from operating wells 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.