Russia makes massive oil discovery in the Arctic ...News

Russia Today - Economy
Russia makes massive oil discovery in the Arctic
source : Russia Today ( News ) () 27
It is one of the largest recent findings on the Russian shelf, energy giant Rosneft says Russian energy major Rosneft has announced the discovery of a huge oil deposit in the Pechora Sea containing an estimated 82 million tons of oil. The field was discovered thanks to a drilling campaign in the Medynsko-Varandeysky area. “During the tests, a free flow of oil was obtained with a maximum flow rate of 220 cubic meters a day,” the company’s statement read on Wednesday, noting that the “oil is light, low-sulfur, low viscosity.” Rosneft noted that the exploration works in the waters of the Pechora Sea proved the “signi

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