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Tuesday, September 25, 2012

''Why Exxon Is More Interested In The Caspian Than The Gulf Of Mexico''

From StratRisks

''We all know the story. Analyst goes to a far flung location; said analyst gets told farfetched stories about potential investors coming into the region. ‘Take it as gospel, honest guv. It’s a dead cert’. Normally you forget this stuff 10,000 feet above sea level on your flight back home. By the time you’re a couple of G&T’s down, it’s all a distant memory. That was my first hunch after hearing interesting stories in Azerbaijan for the past few days, but the rumours might have some credible clout given they are coming directly from SOCAR, the State Oil Company of Azerbaijan.

The assertion: Exxon is coming into Azerbaijan, and expect it to be big in Baku.''

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