ExxonMobil has a view of increase of own investments in the Russian Federation. This will happen in case, if in the Arctic will find oil.

In early August, jointly with Rosneft planned to start drilling of the well. The EU sanctions against Russia is not yet reflected in the company. "We are ready to invest as much as it is reasonable. If in the Kara sea discover oil, then I think will be a sharp increase of investments", - quotes RIA Novosti the head of ExxonMobil Russia Glenn Waller.

Jointly with Rosneft, ExxonMobil, with last year, is working on the research of a number of areas in the Arctic, where direct the planned investments amount to 500 billion dollars. They signed an agreement on strategic partnership. in 2011, and in February of the last year have expanded this document.

Test drilling in the Kara sea is planned for autumn 2014. To transport oil outline using tankers. "Pipeline transport is not considered", - said Waller. In addition it was also suggested that even if oil at the site in Kara sea will not find oil and gas giant intends to continue investment in exploration. Based on this will be considered different options for its production.

Exxon Mobil Corporation is the main company in the world on the size of market capitalization.. It was created in the result of merger of the major oil companies of the United States Exxon and Mobil in 1999.
sections: Economics