Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s exiting the development over the invasion of Ukraine. “The project continues to live and develop as planned, we are overcoming inevitable difficulties,” Sechin told a panel Saturday at the St. Petersburg International Economic Forum. “We’re fully confident that all tasks will be completed.” Commodities trader Trafigura Group announced this month that it intends to sell its 10% stake in Vostok Oil, joining an exodus by other major western energy firms including BP Plc and Shell Plc from projects in Russia in response to President Vladimir Putin’s war in Ukraine. Trafigura agreed to acquire its holding in Vostok Oil for 7 billion euros ($8.5 billion) in December 2020, a deal that valued the whole project at $85 billion. […]