Russian oil company Rosneft says it may be time to reconsider its ambitions in the arctic UPI/Shutterstock/Marco Varro MOSCOW, Dec. 22 (UPI) — Russian oil company Rosneft said Monday it may have to postpone its drilling program in the arctic temporarily, but doesn’t rule out future operations. Nikolai Malyshev, Rosneft’s deputy director for operations on the Russian continental shelf, said the company was rethinking its current programs because of a lack of viable partners. “Maybe, due to the deterioration of the situation, we will somehow adjust our work schedule now,” he said. “Rosneft operates and will continue its operations in the Arctic.” U.S. energy company Exxon Mobil has a partnership with Russian oil company Rosneft for work in the arctic waters of Russia. With Western sanctions impeding developments, the Russian government has placed a greater emphasis on domestic exploitation of arctic reserves . Western powers have sanctioned the Russian […]