Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs
The logo of Russia's top crude producer Rosneft is seen at the company's headquarters, behind the Kremlin wall, in central Moscow May 27, 2013. Rosneft, Russia's No. 1 oil producer, said on Friday its second-quarter net income rose by almost five times, year-on-year, to 172 billion roubles ($4.9 billion), beating analyst forecasts, thanks to a stronger rouble. Picture taken May 27, 2013. REUTERS/Sergei Karpukhin/Files (RUSSIA - Tags: ENERGY BUSINESS COMMODITIES)

The logo of Russia's top crude producer Rosneft is seen at the company's headquarters, behind the Kremlin wall, in central Moscow May 27, 2013. Rosneft, Russia's No. 1 oil producer, said on Friday its second-quarter net income rose by almost five times, year-on-year, to 172 billion roubles ($4.9 billion), beating analyst forecasts, thanks to a stronger rouble. Picture taken May 27, 2013. REUTERS/Sergei Karpukhin/Files (RUSSIA - Tags: ENERGY BUSINESS COMMODITIES)

Russia’s Rosneft discovers vast new oil deposit on Arctic shelf

byCT Report
19/06/2017
in International Customs
Share on FacebookShare on Twitter

MOSCOW: Russian oil major Rosneft has announced the discovery of a new oil deposit while drilling at Khatanga Bay in the Laptev Sea in the eastern Arctic. The Ministry of Natural Resources says this could be the largest oil deposit on the country’s Arctic shelf. “During the drilling of the Tsentralno-Olginskaya-1 well from the shore of the Khara-Tumus Peninsula on the shelf of the Khatanga Bay of the Laptev Sea, three core samples were taken from depths of 2305 to 2363 m, which showed high oil saturation dominated with light oily fractions,” the company said in a statement. The potential of the newly-discovered deposit has yet to be verified, the company said. “On the basis of primary studies, it can be concluded a new oil field has been discovered, the volume of the resource potential of which is increasing as the drilling continues. Core sampling continues at the moment,” a statement from Rosneft said.

Russian Minister of Natural Resources Sergey Donskoy congratulated the company on the discovery and said this could be the largest oil deposit in the Russian Arctic. “Now we expect more discoveries from our colleagues. They promise to cheer up the sector soon,” Donskoy posted on Facebook. Russia’s largest private oil company – Lukoil – is also operating in Khatanga. Lukoil has been developing the Eastern Taimyr sector. The area’s coastal resources are estimated at 4.5 million tons of oil, 9.3 billion cubic meters of gas and 0.5 million tons of condensate.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020
Tags: Russia's Rosneft discovers vast new oil deposit on Arctic shelf

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

SECP issues draft rules to create fund for investors awareness, education

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.