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Texas Oil Executive Opposes MEGOBARI Act Amid Investment Plans

1/28/2026

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Summary

Story summary

Steve Nicandros, a Texas oil executive with Frontera Resources, lobbies against the MEGOBARI Act that would sanction pro-Russian officials in Georgia.
He says Frontera Resources has invested over $500 million in Georgia and plans a new $100 million investment.
Lawmakers including Rep. Joe Wilson defend the act as necessary to promote democracy in Georgia.
Nicandros blames President Joe Biden for deteriorating U.S.–Georgia relations.

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Story summary

Steve Nicandros, a Texas oil executive with Frontera Resources, lobbies against the MEGOBARI Act that would sanction pro-Russian officials in Georgia.
He says Frontera Resources has invested over $500 million in Georgia and plans a new $100 million investment.
Lawmakers including Rep. Joe Wilson defend the act as necessary to promote democracy in Georgia.
Nicandros blames President Joe Biden for deteriorating U.S.–Georgia relations.