Vostok Oil: One Tanker, Four Trillion Rubles
Every headline number behind Vostok Oil — from the tanker fleet and shipping target to the resource base and flagship well — has failed to survive contact with what Rosneft has actually drilled, built, or shipped. Four trillion rubles into the project, Rosneft has filled a single tanker. The Valenti
Source: OilPrice.com
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DW NOTE
Russia's Vostok Oil project has cost ₽4 trillion so far and hasn't shipped a single commercial tanker. That's $43 billion spent on Arctic infrastructure while Brent trades at $104 and the Strait of Hormuz has been effectively closed for 195 days—conditions that should make any new supply source economically viable, yet Vostok remains pre-revenue.