Russia and the US in successful Arctic drilling
State-owned Russian oil company Rosneft has - in collaboration with US Exxon - discovered oil in the Kara region in the Arctic. Estimates indicate that the region contains more oil than the Gulf of Mexico, according to Bloomberg.
BY LOUISE VOGDRUP-SCHMIDT
In spite of the current sanctions between Russia and the West, Russian Rosneft and US-based Exxon have worked together and discovered oil in the Kara Sea region in the Russian part of the Arctic.
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