President Vladimir Putin announced the extraction of the first oil from the Vostok Oil project. The project is projected to produce approximately 30 million tons of oil in the second half of the year, with the potential to reach 100 million tons annually under favorable market conditions, according to Igor Sechin. Alexander Novak stated that the oil will be supplied to both Western consumers and Asia-Pacific countries. The resource base of Vostok Oil is estimated at 7 billion tons of low-sulfur oil, making it one of the world's largest deposits, as noted by President Putin.
September 7, 2026 1.6K 8
