Russia’s top oil producer, state-controlled oil firm Rosneft, is in talks with some of the world’s largest oil trading houses, offering them to become investors in a major oil project in Russia’s Far North in exchange for oil supply contracts, sources close to the talks told Reuters. Russia looks to develop the Vostok Oil mega project in Siberia, which includes the Vankor and Payakha clusters and which has resources estimated at 44 billion barrels.
The Vostok Oil project in Russia’s Far North includes the Vankor cluster,…Russia’s Rosneft Looks To Attract Oil Traders To Huge Arctic Project
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