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Us oil producers will not return to Russia according to a peace agreement between Moscow and Kyiv because they have been burned in the past, according to the US Shale Magnate Harold Hamm.
The founder and prominent donor of continental resources Donald TrumpThe election campaign told the Financial Times that Russia was a difficult job for decades, and he was grateful that he had not followed others who had plowed money into the third largest oil production in the world.
“Many people have lost a lot of money there. I think you will be very reserved to want to go back. Every now and then peace breaks out over there, but not very often, ”said peace,” said Mash In an interview.
The Start talks Between US and Russian officials this week, speculation were fueled that American companies could return to Russia if a peace agreement can be agreed and the sanctions in Moscow are relaxed. The Russian officials expressly identified the potential for joint investments in hydrocarbons by US and Russian companies, including the Arctic.
“We know that there are US oil companies who want to return to Russia,” said Kirill Dmitriev, head of the Russia of sovereign wealth funds, who attended talks with US officials in Riad.
Exxonmobil and Chevron, the two largest American oil companies, rejected a statement.
Exxon has a long story of invest in Russia However, after the introduction of western sanctions after the invasion of the Crimea in 2014 in Moscow and its full invasion of Ukraine in 2022.
The company took off a joint venture with the Rosneft oil company to explore the Arctic waters in 2018. Four years later, Exxon received a reduction fee of $ 3.4 billion than the value.
Other western companies were hit hard. BP reported a with almost 25 billion USD, which was associated with his participation in Rosneft and other companies, while Shell earned a USD with Withedown for its Russian assets in 2022.
Most analysts agree with Hamm that Us Oil Majors will think long and hard before investing peace agreements elsewhere due to the geopolitical risks and the possibilities.
“Political risks remain heaven high sanctions could be reversed by changing the US administration. Companies will not return to a market in which the rules are changing overnight, ”said Tatiana Mitrova, a research scholarship holder at the Center for Global Energy Policy at Columbia University.
Hamm, who Coordinated fundraiser Among the oil and gas interests during Trump’s voting campaign worth at least $ 75 million, the president had a great decision on whether sanctions should be increased.
“You can be very effective. Especially in secondary sanctions that apply, acts, acts or acts for anyone who is transported, ”he said.
Hamm said that natural gas exports in the United States would continue to play a crucial role in ensuring energy safety in Europe. Despite the tensions about Ukraine, Europe could rely on the United States, he said, adding that the leaders of the continent were “silly” if they rely on Russian Pace gas again.
“Europe, these countries are allies and we have always joined them. I think they have generally campaigned for America. I think you should trust that President Trump also pays attention to her best interests. . . We are a country with the rule of law, ”said Hamm.
He rejected the allegations from Democrats and other critics that Trump ignored the rule of law through some of his actions, including the restriction of the birth law of citizenship and the access of Elon Musk Access to government departments in order to reduce expenses and jobs.
“Obviously (Musk) does an enormous service. You know that we have had a government government for four years, ”he said.
Hamm said Trump was the “most consistent president in modern history” by achieving so much in his first 30 days, including the abandoning of the Paris climate agreement and the wear out of environmental rules that limit industry.
Despite the concerns in the oil industry that Trump’s threat to impose Canadian and Mexican tariffs, increase, and increase gasoline prices, he said that they were necessary to address other problems.
“The border was number one. Immigration and we had to stop the drug flow into this country, ”said Hamm. “With Mexico and Canada, the tariffs will probably not be major factors if they will work together in the future.”
When asked if he thought Trump could try to look for a third term, even though this contradicted the US constitution, he said that he couldn’t think.
“Thank God, we have someone up there next to the president – JD Vance. I think he is looking forward to the next term. ”
