29/09/2014at 08:02

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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