Russia launches largest oil mega-project since Soviet era in Taimyr – photos(opens in a new tab)
A new Arctic terminal in Russia's Taimyr region, more than 3,000 km from Ukraine, is designed to ship oil to Asian markets.
Event
Russia Launches Its Largest Arctic Oil Project Since Soviet Era
According to a Pravda report, Russia has begun construction on the Vostok Oil terminal on the Taimyr Peninsula. The terminal sits more than 3,000 km from the Ukrainian border, positioning the project to shuttle oil to Asian markets via a new pipeline.
Coverage
Pravda Google Alert: Arctic Russia's $118 Billion Arctic Oil Bet Pushes Ahead Despite Sanctions(opens in a new tab)
Rosneft has launched the first phase of its Vostok Oil project, unveiling a 790‑km pipeline that will transport crude to the new Bukhta Sever terminal in the Russian Arctic.
OilPrice Russia’s $118 Billion Arctic Oil Bet Pushes Ahead Despite Sanctions(opens in a new tab)
Russia’s $118 billion Vostok Oil project on the Taimyr Peninsula is advancing, with Rosneft’s pipeline and port construction underway, while the Kremlin navigates Western sanctions that have prompted the exit of major oil‑service firms yet left some firms—such as Baker Hughes, Halliburton and SLB affiliates—continuing to provide equipment and expertise.
