The very curious consortium of Rosneft and Exxonmobil has struck oil in a well at The Universitetskaya-1 well in the Kara Sea in Russia's Arctic. Rosneft is planning on investing $400 billion over the next 15 years in the Arctic which they think can hold reserves comparable to those of head-chopping Saudi Arabia.
Those oil fields could be a bunsen burner (nice little earner) for someone...
And obviously it's not supposed to be the Russian people.
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