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Russia doubles down on its Arctic oil push

Russia doubles down on its Arctic oil push newspress_en Fri, 10/09/2026 - 04:47 Business & Economy In the far north of Siberia, where the ground remains frozen for most of the year and some facilities…

  • Russian President Vladimir Putin approved Vostok Oil project in Siberia on September 6th.
  • Valentin Pikul tanker loaded crude oil via new pipeline to Bukhta Sever terminal.
  • Rosneft invested $47.3 billion, with total estimated cost up to $12 billion.

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