Rosneft launched the Vostok project in the Arctic: it was criticized by environmentalists

Rosneft launches criticized Vostok project in the Arctic

At a meeting with Russian President Vladimir Putin, Rosneft CEO Igor Sechin announced the start of the practical implementation of the Vostok project. He also expressed gratitude to the President of the country for the adoption of the law, which is aimed at creating certain favorable conditions for the infusion of Russian investments in the Arctic. According to Sechin, work has been completed on the design of a 770-kilometer oil pipeline and port.

And now prospecting and exploration work is being carried out in accordance with the schedule. That plan was drawn up for the period up to 2035, it suggests a detailed strategy for the extraction of mineral resources in Russia and is based on growing global demand.

When drawing up this plan, the factors of possible replacement of coal and oil with natural gas were taken into account. The experts believe that mineral resources will always have a competitive advantage for the Russian economy and that the country will play an important role in the world. But last year, the environmentalists asked the Russian government to stop issuing licenses for the development of several Arctic fields. The Vostok project also did not escape criticism.

It was called the pinnacle of Russia's Arctic ambitions. It unites several Rosneft enterprises in the Far North. At the same time, for the delivery of goods, the company intends to use the possibilities of the sea route to send goods to Europe and Asia.

Earlier this year, Sechin told Putin about a scheme that would build a completely new oil and gas province. It will appear on the Taimyr Peninsula and will become the northernmost developed territory of the continent.

According to preliminary data, the volume of investments in the project will amount to about $ 111 million. It also includes two airports and 15 small industrial towns. For the implementation of the project, about 130 thousand jobs are created.

The project will provide access to oil reserves, according to preliminary calculations, there are about 5 billion tons. It is planned to produce up to 100 million tons per year.