INSUBCONTINENT EXCLUSIVE:
Russia's massive Vostok Oil project, a company official said on Thursday, as the two countries seek to deepen their economic ties in the
energy sector.Vostok is one of Russia's biggest oil project comparable in size with the exploration of West Siberia in the 1970s or the
further details on the deal.Russian oil major Rosneft is in talks with several players about participation in Vostok, which according to
initial estimates could require the investment of more than 10 trillion roubles ($137 billion).Global commodities trader Trafigura has a 10
Rosneft chief Igor Sechin
The forum in the Russian Pacific port of Vladivostok was also attended by Russian President Vladimir Putin."Look forward to further
In 2009, it acquired Imperial Energy, an independent exploration and production company in Russia.Russia aims to begin shipping oil from the
planned Vostok project in 2024 via the Northern Sea Route, an alternative to the Suez Canal which shortens travels to markets in Asia.Vostok
Oil consists of the Vankor cluster, the West-Irkinsky area, the Payakha group of fields and the East-Taimyr cluster.
