About
Rex Tillerson has been the U.S. secretary of state since February 2017. Before joining President Donald Trump’s Cabinet, he was the CEO of ExxonMobil and had led the oil giant since 2006.In the data
Tillerson was a director of Marib Upstream Services Co., a Bermuda-based company created to conduct oil and gas operations in Yemen’s Marib-Al-Jawf basin. Tillerson joined the company’s board in March 1997, when he was the president of Exxon Yemen, and resigned in March 1998, according to Appleby’s client database.
Marib Upstream Services was a joint venture of three companies: the Yemen Gas Company, the Yemen Exploration & Production Company and the Yemen LNG Company. The Yemen Gas Company was state-owned, Yemen Exploration & Production Company was owned by Exxon Mobil and Hunt Oil, and the Yemen LNG Company had several shareholders, the largest of which is the French oil company Total. Marib Upstream Services operated in accordance with a production-sharing agreement between Yemen and the oil companies until 2005, when Yemen ended the production-sharing agreement and turned over production rights to a state-owned company.
