Rosneft, Russia’s state-controlled oil company and the largest oil producer in the country, plans to develop an Arctic cluster ... redirecting oil from the new fields of the Vankor Cluster ...

June 19 (UPI) --Preliminary data indicate a new oil field ... Development of the fields above the Arctic Circle is costly, with most Russian operators waiting for oil to move above $75 per barrel ...

The facility and its new port ... Xelot Russia has been transporting oil in ice-class tankers for the past few years from a few small fields and offshore platforms in the Arctic to a pristine ...