More from: Industry and Energy

War and sanctions notwithstanding, Russian state oilmen proceed with the development of the Vostok Oil project. It is to produce more than 100 million tons of oil per year and will be paramount for Putin to reach his much-desired ambitions for Arctic shipping.

European countries in April bought 12,073 billion cubic meters of liquified natural gas from the warring country.

Rosatom’s subsidiary First Ore Mining Company can’t get needed equipment from Finland and will instead build its own onshore processing plant for the Pavlovskoye mine at Novaya Zemlya.

Andrei Melnichenko owns coal mines, infrastructure and mineral fertilizer plants in the Arctic. In 2022 he doubled his fortune and made it to the top of the list of Russia's wealthiest.

The more than 600 km long road across the Nenets tundra took more than 30 years to build. This week, the first vehicles drove the whole way from Naryan-Mar in the Nenets Autononous Okrug to Usinsk in neighboring Komi Republic.

Russian oil companies are desperately looking for new markets. Nuclear icebreaker operator Rosatom now offers Lukoil and Gazprom Neft escort across icy Arctic waters to Asia.

Vladimir Putin says Russia is ready to establish a joint Russian-Chinese structure for the development of the Northern Sea Route.

Moscow's oil and gas revenues plummeted 46% in January-February.

Ølen Betong Murmansk AS, a fully Norwegian-owned company, posted a net profit of 5,4 million Norwegian kroner, but Director Atle Berge is unwilling to tell who buys his concrete.

The major forest processing plant in the remote north Russian town of Oktyabrsky is built with money from friends of the President. It used to export to Europe, but now fully depends on the Chinese market.

Extraction of metal ores fell by more than 10 percent in Russia’s Murmansk region, according to the official annual report on industrial production.

U.S company International Paper has sold its 50 percent stake in Russian pulp and paper producer Ilim.