Top shale boss says US oil companies will not flock back to Russia

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According to US Shell Magnet Harold Ham, US oil makers are not going back to Russia after a peace agreement between Moscow and Kiev because they have burned badly in the past.

Continental Resources’ founder and prominent donor Donald TrumpThe Financial Times told the Financial Times that Russia had been a strong place to work for decades and he was grateful that he did not follow the money farming in the world’s third largest oil producing country.

“A lot of people have lost a lot of money there. I think they are going to be very intense if they want to go back. After a while, peace breaks there, but not too much time, “said Ham In an interview.

The Start This week, between us and Russian officials, imagined that American companies could return to Russia, if a peace treaty could agree and the restrictions were relaxed in Moscow. Russian officials were particularly flagging the possibility of joint investment in hydrocarbons by US and Russian companies, including Arctic.

“We know that the US oil companies here will want to return to Russia,” said Kiril Dimitiv, head of Russia’s sovereign wealth fund, who participated in the discussion with US officials in Riyadh.

Two largest American oil companies, Exenmobil and Chevron refused to comment.

There is a long history of Axon Investment in Russia However, after the invasion of Moscow in Crimea in the 21st, the imposition of Western sanctions and the full-scale aggression of Ukraine in 2022 returned after the imposition of Western sanctions.

The company pulled the plug in a joint venture with the oil agency Rosnoft to explore Arctic Water in 2018. Four years later, when Axon wrote the share price of the Shakhalin -1 oil project in Russia, $ 3.4 billion dollars were in charge of the $ 3.4 billion.

Other Western companies have suffered more severe injuries. BP said about $ 25 billion Rightdown was associated with its shareholding in Rosnoft and other businesses, while Shell rightdown a $ 5 billion on its Russian property in 2022.

Most analysts agree with the ham that US Oil Major will think long and strictly before investing after a peace agreement due to geological risk and opportunity elsewhere.

“The political risk goes to the height of the sky-the restriction of the US administration may be the opposite. Companies cannot return to the market where the rules are transferred overnight, “Tatiana Mitrava, a research associate of the Global Energy Policy Center at the University of Columbia, said.

Ham, who Integrated fundraising During Trump’s election campaign, the president had a big decision on whether the ban was to lift the sanctions, saying at least $ 75 million in the interests of oil and gas during the election campaign.

“They can be very effective. Especially with secondary sanctions, which is applicable to anyone who transports or operates or business, “he said.

Ham says the export of US liquid natural gas will play an important role in ensuring Europe’s energy protection. Europe could rely on the United States despite tensions over Ukraine, he added that if they returned to rely on Russian pipes, the leaders of the continent would become “stupid”.

“Europe, these countries are allies, and we are always standing in their favor. I think they usually stood in favor of America. I think President Trump should trust them to find their best interests. The The We are a country with the rules of the law, “said Ham.

He rejected the allegations made by Democrats and other critics that Trump was ignoring the rule of law through some of his steps, which include reduce citizenship by birth and allowing Elon Kasturi to spend and access to government departments and jobs.

“Obviously, [Musk] Doing a great service. You know that we had escaped government for the past four years, “he said.

HAM said that Trump was “the most consequence of modern history” by performing so much, including slashing environmental rules to get out of the Paris Climate Agreement and restrict the industry within its first 5 days.

Despite the concerns in the oil industry that will increase Trump’s threat to impose steep tariffs in Canada and Mexico and increase petrol prices, he said that they were necessary to deal with other problems.

“The boundary was the number one consideration. I had to stop immigration and the flow of drugs in this country, “Ham said. “If tariffs with Mexico and Canada are likely to cooperate in the future may not be the biggest reason.”

If he thought that the Trump could try to make a third term in the office, even though it was against the US Constitution, he said he could not think about the national issue.

“Thank you to God Shawar, we are standing next to the president – JD Vans. I think he is looking forward to the next position. ”