From the Barents Observer, January 13:
New US sanctions deal an unprecedented blow to the companies that over the past decade have developed major oil and gas resources in one of the most [sic] remotest parts of the planet.
The sanctions package that was announced by the US Treasury on 10 January includes almost all the major extraction companies, infrastructure objects and ships that are involved in hydrocarbon development in the Russian Arctic.
The measures could paralyse major parts of the country's oil industry in the region.
Among the companies on the list is Gazprom Neft and several of its subsidiary companies, as well as its leader Aleksandr Dyukov.
Since his appointment in 2008, Dyukov has developed Gazprom Neft into Russia's third biggest oil producer.
The company is the oil branch of state natural gas company Gazprom. A key share of its operations is located in the Arctic.
The Prirazlomnoye project was launched in 2013 and is still Russia's only offshore oil field in the far north. In 2016, the company started full-scale production at Novy Port, the oil field located in the Yamal Peninsula....
....MUCH MORE
