Inside Putin's $135 Billion Arctic Gamble That Could Save His Ukraine War(opens in a new tab)
Rosneft launched the Vostok Oil project, building a new Arctic pipeline and moving its first crude from Bukhta Sever.
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Inside Putin’s $135 Billion Arctic Gamble That Could Save His Ukraine War
Rosneft launched its 100‑million‑tonne‑per‑year Vostok Oil pipeline, linking the Vankor and Payakha fields to Bukhta Sever, and has shipped its first crude onto the ice‑class tanker Valentin Pikul. The move expands Russia’s Arctic shipping network and ties China to the route amid U.S. sanctions.
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Google Alert: Arctic OilPrice Inside Putin’s $135 Billion Arctic Gamble That Could Save His Ukraine War(opens in a new tab)
Rosneft has launched its Vostok Oil project, a 100‑million‑tonne‑per‑year pipeline that will feed the Northern Sea Route, while Russia‑China agreements tie China to new Arctic LNG and oil supply contracts, heightening the geopolitical stakes of Arctic shipping amid US sanctions and geopolitical rivalry.