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EUROPE - News, Alerts, Intel Releases
Russia Announces Large Discovery Of Oil In Arctic
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<blockquote data-quote="Donald" data-source="post: 1477" data-attributes="member: 1"><p>Russia's oil company, Rosneft has announced that they have discovered a 'huge oil deposit' in the Pechora Sea, containing around 82 million tons of oil according to Russian state news RT.</p><p></p><p>The Russian news agency attributed the discovery to a drilling campaign in the Medynsko-Varandeysky region. Rosneft announced, "During the tests, a free flow of oil was obtained with a maximum flow rate of 220 cubic meters a day," and said that the oil is "oil is light, low-sulfur, low viscosity".</p><p></p><p>Rosneft also said that their exploration in the Pechora Sea proved that there are "significant oil potential of the Timan-Pechora province on the shelf and became the basis for continuing the study and development of the region.”</p></blockquote><p></p>
[QUOTE="Donald, post: 1477, member: 1"] Russia's oil company, Rosneft has announced that they have discovered a 'huge oil deposit' in the Pechora Sea, containing around 82 million tons of oil according to Russian state news RT. The Russian news agency attributed the discovery to a drilling campaign in the Medynsko-Varandeysky region. Rosneft announced, "During the tests, a free flow of oil was obtained with a maximum flow rate of 220 cubic meters a day," and said that the oil is "oil is light, low-sulfur, low viscosity". Rosneft also said that their exploration in the Pechora Sea proved that there are "significant oil potential of the Timan-Pechora province on the shelf and became the basis for continuing the study and development of the region.” [/QUOTE]
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Russia Announces Large Discovery Of Oil In Arctic
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