Russian President Vladimir Putin is proceeding with the development of the Arctic region. To that end, the Kremlin's main national oil company Rosneft and US super major ExxonMobil set up a tender for the design and construction of drilling oil rigs that would facilitate their exploration of the Arctic shelf, Rosneft said.

“The clearly stated intention of the government, or perhaps more accurately, of President Putin is to proceed with the development of the Arctic region,&rdquo...

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