The project of Rosneft for the development of oil fields in the Krasnoyarsk Territory “Vostok Oil” was threatened without Western money and imported technologies after imposing sanctions against Russia, reports The Wall Street Journal with reference to sources related to the project.
As noted by the publication, earlier the chief executive director of Rosneft Igor Sechin called the East Oil the Noev Ark of the World Economy. Speaking at the PMEF, he said that Russia, including at the expense of the Vostok Oil project, could provide the needs of peace for accessible energy resources, but the project relies on Western money and imported technologies, says The Wall Street Journal. According to sources, two important Western sponsors plan to leave the project, at the same time the sanctions were detained or limited all deliveries: from drilling equipment and software to ice class tankers.
According to experts, Russia now gains great benefits from high energy prices, but this is a “short -term benefit compared to long -term loss.”
RyStad Energy research company, expected that the Keystone Vostok Oil, known as the Payyha field, will be launched only by 2029, and not in 2024, as Rosneft planned. “Any delays in one part of a huge supply chain involved in the project will lead to a delay in the entire project,” said Daria Melnik, senior Rystad Energy analyst. The delay in the implementation of the project and a decrease in the total oil production in Russia due to sanctions can in the long run to undermine the country’s economy and its geopolitical position, the newspaper writes.
The resource potential of the Vostok Oil project is light low -hearted oil, which surpasses Brent oil. The potential of oil supply to raw materials was estimated by 2024 at 25 million tons, in 2027 – at 50 million tons and to 2030 – up to 115 million tons. As part of the project, a LNG plant was also planned. In addition, the implementation of the project provided for the creation of the largest in the Arctic zone of the seaport, energy generation objects, more than 200 oil production facilities, over 2500 km of trunk and 7000 km of intra -commercial pipelines and 15 support bases of commercials.