London hosted today a working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Rex W. Tillerson, President of Exxon Mobil Corporation.

The parties debated the progress in joint studies of issues related to liquefied natural gas production, transportation and marketing in the USA (respective agreement was earlier adopted between the US side and Gazexport) as well as addressed potential cooperation in other oil and gas projects based on mutually beneficial asset exchange.

Reference:

Exxon Mobil Corporation was founded in 1998 through a merger of Exxon and Mobil’s assets (70% and 30%, respectively).

Being the world’s largest petroleum company, ExxonMobil holds a leading position in the petrochemical industry as well as is engaged in natural gas extraction and LNG business expansion.

ExxonMobil holds a non-governmental status, with Lee R. Raymond being the company’s CEO and Board of Directors’ Chairman. According to Standard&Poors’ estimates, ExxonMobil has the stable AAA credit rating. As of 31 December 2003, the company’s annual turnover, net profit and staff account for USD 246.7 billion, USD 21.5 billion and some 88.3 thousand people, respectively. The unified structure owns 11.8 billion barrels of oil reserves and 1.6 tcm of gas reserves.

In 2003, ExxonMobil produced 918 barrels of oil&condensate and 94 bcm of gas.

DIVISION OF RELATIONS WITH MASS MEDIA