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American oil producers will not rush to Russia following a peace agreement between Moscow and kyiv because they have been seriously burned in the past, according to the shale magnate, Harold Hamm.
The founder of continental resources and leading donor Donald TrumpThe electoral campaign told Financial Times that Russia had been a difficult workplace for decades and that it was grateful for not having followed other people who plowed money in the third largest nation of world oil.
“Many people have lost a lot of money there. I think they will be very reluctant to want to go back. From time to time, peace bursts there, but not very often, ”said Boost in an interview.
THE start of talks Between us and Russian officials, this week has fueled speculation that US companies could return to Russia, if a peace agreement can be agreed and the sanctions are relaxed in Moscow. Russian officials specifically reported the joint investment potential in hydrocarbon by American and Russian companies, including in the Arctic.
“We know that there are American oil companies who wish to return to Russia,” said Kirill Dmitriev, head of the Russian sovereign fund, who attended talks with US officials in Riyadh.
Exxonmobil and Chevron, the two largest American oil companies, refused to comment.
Exxon has a long history of Invest in Russia But fell as a result of the imposition of Western sanctions following the invasion of Crimea by Moscow in 2014 and its large -scale invasion of Ukraine in 2022.
The company has disconnected a joint venture with the company oil Rosneft to explore the water of the Arctic in 2018. Four years later, Exxon took a deficiency charge of 3.4 billion dollars when it noted the value of its Participation in the Sakhalin-1 oil project in Russia in the far north of Russia in Russia in northern Russia in Russia, Russia, in Northern Russia, Russia, Russia, Russia, Russia, northern Russia, Russia, Russia, Russia, Russia, Russia, Russia, Russia, Russia, in Russia, Russia, Russia, Russia, Russia, Russia, North North in Russia, in Russia -is.
Other Western companies have been harder. BP pointed out a depreciation of nearly $ 25 billion linked to its participation in Rosneft and other companies while Shell was a $ 5 billion on its Russian assets in 2022.
Most analysts are suitable for Hamm that US oil majors will reflect for a long time and hard before investing following any peace agreement because of geopolitical risks and opportunities elsewhere.
“Political risks remain a sky -elevated – the relief of sanctions could be reversed with a change of American administration. Companies are not rushing into a market where rules change overnight, “said Tatiana Mitrova, researcher at the Global Center for Global University of Center at Columbia University.
Hamm, who Coordinated fundraising Among the oil and gas interests during the Trump electoral campaign worth at least $ 75 million, the president had a great decision to take on the opportunity to raise sanctions.
“They can be very effective. In particular with secondary sanctions, which apply to anyone transport or manages or transit, “he said.
Hamm said that exports of American liquefied natural gas would continue to play an essential role in ensuring the energy security of Europe. Europe could depend on the United States, despite tensions on Ukraine, he said, adding that continent leaders would be “idiots” if they dropped to Russian gas.
“Europe, these countries are allies and we have always defended them. I think they generally defended America. I think they should also trust President Trump to look after their best interest. . . We are a country with a primacy of law, ”said Hamm.
He rejected the allegations made by Democrats and other criticisms according to which Trump was unaware of the rule of law through some of his actions, in particular the reduction of the citizenship of the right of birth and giving access to Elon Musk to government services for Reduce expenses and jobs.
“Obviously, [Musk] does a great service. You know that we have had the fugitive government for four years, “he said.
Hamm said Trump was the “most consecutive president in modern history” by performing as much in his first 30 days, including the release of the Paris climate agreement and environmental rules restoring the industry.
Despite concerns within the petroleum industry that Trump’s threat to impose high prices in Canada and Mexico would increase costs and increase petrol prices, he said they were necessary to attack to other problems.
“The border was the first consideration. Immigration and we had to stop the drug flow in this country, “said Hamm. “With Mexico and Canada, prices will probably not be big factors if they cooperate in the future.”
When asked if he thought Trump could try to ask for a third term in office, even if it was contrary to the American Constitution, he said that he could not consider such a thing.
“Thank goodness, we have someone who stands there next to the president – JD Vance. I think he is looking forward to the next quarter.
