World Needs Russia’s Green Oil, Rosneft Chief Sechin Says Updated: June 9, 2021 Vostok Oil’s carbon footprint would be 75% lower than that of other major new oil projects worldwide, Rosneft claims. Igor Onuchin / TASS
Russia’s new “green” Arctic oil infrastructure projects are vital to the global economy, Igor Sechin, the head of Russian state-controlled energy giant Rosneft, has said.
Rosneft recently launched construction of its Vostok Oil facility, which is set to become the Arctic’s largest oil terminal with 30 million tons of oil per year produced by 2024 and 100 million tons annually by 2030.
Vostok Oil’s carbon footprint will be 75% lower than other major new oil projects worldwide due to advanced technologies that will bring sulfur levels in the product close to zero, the Rosneft CEO said at last week’s St. Petersburg International Economic Forum.
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The completion of construction and commissioning is scheduled for 2024
ST. PETERSBURG, June 9. /TASS/. Sibur expects Chinese banks to participate in the financing of the Amur Gas Chemical Complex (GCC) construction, Chief Executive Officer of Russia’s petrochemical company Mikhail Karisalov told TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF). An important part of financing is connected with Sinopec entrance. Consequently, we expect Chinese banks to join the total pool of those providing financing as well, he said.
Sibur’s target on investment in the project is below $10 bln, CEO added.
It is planned that Amur GCC will have a capacity of 2.7 mtpa, including 2.3 mtpa of polyethylene and 400 ktpa of polypropylene, and will be producing a wide range of grades.
New cases of COVID-19 in Moscow surged to their highest since mid-January and the Russian capital announced it will add hospital beds to deal with the pandemic and crack down on businesses that flout mask requirements.