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Saturday, September 5, 2026

Putin: Russia's Sever Bay will be largest northern oil port

 Russian President Vladimir Putin said on Saturday that the new terminal in far-eastern Sever Bay will become the largest northern oil port, significantly increasing cargo shipments.

In his address marking the opening of the project, the Russian president congratulated oil giant Rosneft on the launch of the main oil pipeline linking the Vostok Oil project to the new terminal at Sever Bay. Namely, the Vostok Oil project includes 13 oil and gas fields and has estimated oil reserves of around 7 billion metric tons. "This is one of the largest deposits in the world, and work there is planned for decades to come. This, I repeat, is a major event for the country's economy as a whole," Putin added.

"In 2025, 37 million tonnes of cargo were transported via the Northern Sea Route, and by 2030, annual cargo volume is set to rise to 70 million tonnes," Putin pointed out.

https://breakingthenews.net/Article/Putin:-Russia's-Sever-Bay-will-be-largest-northern-oil-port/67051315

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