1/4/2024 0 Comments Project vostok![]() The complete project will represent a total investment of 10,000 billion rubles ($111 billion), including two airports and 15 “industry towns. LONDON, July 13 (Reuters) - Global commodities trader Trafigura said on Wednesday it has sold its 10 stake in Russia's major Vostok Oil project in Siberia to a Hong Kong-registered trading firm. ![]() In February, Sechin promised Putin that the scheme would create a “new oil and gas province” on Siberia's Taymyr peninsula, the northernmost part of the Asian continent. Petersburg International Economic Forum for the construction of the Port Bukhta Sever Oil Terminal to transport oil from the Vostok Oil project. The Vostok project, the cornerstone of Russia’s Arctic ambitions, brings together several Rosneft activities in the Russian Far North, near the northern sea route that the company intends to exploit to deliver to Europe and Asia. For a better experience, please enable JavaScript in your browser. “Mineral resources will remain a competitive advantage of Russia's economy, and will determine the place and role of the country in the world,” it says.Įnvironmentalists urged the Russian government last year to stop granting licenses to exploit several Arctic deposits. SUPER-CLEAR CASSETTE / J-CARD / INSERT Listen / Buy digital version here: THE SOVIET SPACE DOG PROJECT - Vostok 1 NOTE: by purchasing the physical product. The project is meant to nominally unite the largest oil and. The strategic plan for Russia’s mineral resources stretches to 2035 and is banking on growing global demand, though it does predict that natural gas will partially replace oil and coal. The idea to start the Vostok Oil project was proposed in 2019 by the CEO of Rosneft, Igor Sechin. Igor Sechin, Rosneft PJSCs CEO, said Rosneft PJSC will proceed with its Vostok Oil project in the Arctic, just over a week after a key partner announced it.
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