Senator demands White House review of Russian claim to U.S. oil 

 

Senator demands White House review of Russian claim to U.S. oil – CBS News

 

 

U.S. Senator Bob Menendez said he wants a national security committee composed of presidential Cabinet members to investigate a loan that could lead Russia’s state-owned oil firm to claim a major stake in a U.S. oil company.

Menendez, a member of the Senate Foreign Relations Committee, said he is concerned that a deal struck on Nov. 30 between Rosneft and PDVSA, the Venezuelan state-owned oil company, means the Russian company will ultimately claim at least 49.9 percent of U.S. oil company Citgo. Rosneft’s CEO Igor Sechin is one of Russian President Vladimir Putin’s closest allies.

“Russia has attacked the United States in various ways including cybercampaigns aiming to sow distrust of our democratic institutions and violating nuclear arms treaties,” Menendez said in an email response to questions about the deal posed by CBS News. “I absolutely have concerns with the idea of a Russian oligarch with close ties to Putin gaining a large ownership share of a major U.S. energy supplier, and I plan to request the administration undertake a thorough review of any potential acquisition by Rosneft, including through the Committee on Foreign Investment in the United States.”

 

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