Sunday, September 28, 2014

Rosneft encounters controversial Arctic oil drilling – NU.nl

Rosneft encounters controversial Arctic oil drilling – NU.nl

“” The first oil is extracted, the find is above our expectations, ‘said Rosneft CEO Igor Sechin Saturday.

The area is good for him, according to one billion barrels of oil, similar to the amount of oil in the American part of the Gulf of Mexico.

Further work will be hampered because of Western sanctions against Russia. These measures prohibit American oil companies to assist in the exploitation of oil fields in the Arctic Russia.

The American Exxon Mobil and the Russian state company Rosneft began in August with

test drilling in the Kara Sea north of Siberia. Operations in the Arctic apply to both sides as an important opportunity for new oil fields.

Sechin said Saturday that the oil in the field can be achieved. Upward within five to seven years He wants the oil field named ‘Pobeda’ give, Russian for victory.

Both Sechin and Rosneft are on the American list of economic sanctions. Thus Rosneft include denied access to the American financial market.

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