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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