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AFP Photo DDP / Oliver Lang Germany Out 04.02.2009, 10:53

Siemens links up with Rosatom on nuclear technology

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Lukoil banks on breaking ice being worth the price of oil

Published: 04 February, 2009, 11:57


Ice-breaker “Varandey” (image from www.lukoil.com)

Lukoil has launched a brand new icebreaker to use in the Barents Sea. As the company creates a new fleet to boost operations, analysts warn oil and gas development in the region could freeze if the oil price stays low.

 
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