News
Publish date: December 12, 2005
News
In 2006, the company will complete all exploration works at the field, which is located in the eastern part of the Barents Sea. Arktivshelfneftegaz believes the field will be ready for production in 2011. Water depths in the area of the field are only 10-19 meters, the BarentsObserver reported.
Between 2002-2005, Arktivshelfneftegaz invested $50 million in exploration operations in the Barents Sea. Geologists believe the company now has found as much as 300 million tonnes of oil resources there.
The company owns licenses to the development of three fields in the area, the Medynsko-Varandeyskoe, the Pomorskoye and the Kolokolmorskoye.
Throughout the past year, our mission at the Bellona Environmental Transparency Center has focused on two key, but intertwined issues—nuclear and radiation safety as Russia’s invasion of Ukraine drags on, and the worldwide influence of Rosatom, Russia’s state nuclear corporation, which itself is actively involved in the war and has participated in the occupation of a Ukrainian nuclear power plant.
At the beginning of the year, reports in the German and Russian press suggested an approximate 70% increase in uranium imports from Russia to Germany in 2024. But does this reflect broader European trends? It does not. Overall, imports of uranium and nuclear fuel from Russia to Western countries actually dropped sharply in 2024. Unlike the situation in Germany, this is already an established trend.
A Lingen, Germany plant could begin producing nuclear fuel in cooperation with a subsidiary of Rosatom, Russia's state nuclear corporation, which is directly involved in the war in Ukraine and occupying the Zaporizhzhia nuclear power plant.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.