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.
There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.
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