The last two weeks have seen quite a flurry of news about Russia taking its Arctic projects to the next level, tapping into the “colossal” reserves of this still somewhat underdeveloped production region. In order to grasp the complexity of the task Russia faces with all its indisputably bountiful Arctic zone, one has to analyze bit by bit the paradoxes and undercurrents of its oil production in general – then you might understand how Gazprom Neft can claim at the same time that it “can do anything in the Arctic” yet…
