Latest news
The construction of Russian-Chinese pipeline postponed due to a financial disagreement
According to the daily Kommersant reports, the building of Russian oil pipeline conceived to carry Arctic oil to China may be halted following the internal dispute between the companies involved.
read more... 30/03/2011
Total agrees to purchase a $4 billion stake in Novatek
Total, the third biggest oil company in Europe, agreed to pay $4 billion for a stake in Novatek and for joining the Arctic gas project.
read more... 07/03/2011
BP and Rosneft sign offshore exploration agreement
European oil giant BP has concluded a deal with Rosneft, Russia's largest oil producer, to develop the Arctic's vast oil and gas fields. The agreement provides the development of three of Rosneft's offshore license exploration blocks-- EPNZ 1,2,3 in northern Russia.
read more... 18/01/2011
Japanese giant traders target Russia’s Yamal LNG Project
The Japanese firms, Mitsui and Mitsubishi want to join in the liquefied gas field project on Russia's Yamal Peninsula on the Arctic Ocean. The Yamal Peninsula is situated in the middle of the Russian coast on the Arctic Ocean, a convenient location for exporting liquefied natural gas both to Europe and the Far East.
read more... 11/01/2011