Russian oil giant Rosneft is building a major oil export port in the North Sea, a step toward realizing Moscow’s polar exploration ambitions.
Oil export at the port of Bukhta Sever. The facility is part of Rosneft’s massive Vostok Oil project, which aims to facilitate the development of the Northern Sea Route.
The port will become Russia’s largest oil terminal with 102 tanks by 2030, the company said. Rosneft is leading a project comparable in size to the exploration of West Siberia in the 1970s or the US Bakken oil field in the past decade.
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Dự án Vostok Oil của Nga nằm trên tuyến đường biển phía bắc.
Russia is facing challenges in developing its oil industry due to sweeping Western sanctions after Moscow began a special military operation.
Earlier this month, commodity trader Trafigura sold a 10% stake in the Vostok Oil project to a Hong Kong-registered trading company, Nord Axis. Rosneft has also approached other commercial companies about participating in the project and sold a 5% stake in Vitol and Mercantile & Maritime for $4 billion last year.
Rosneft plans to ship about 30 million tons of oil (600,000 barrels of oil per day) through the port of Bukhta Sever each year, and will gradually increase to 100 million tons by 2030. The company also announced that it has started drilling production at the field. Northern Payakha oil, part of Vostok Oil project.
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