Rail wagons for transporting oil stand in sidings at the RN-Tuapsinsky refinery operated by Rosneft in 2020. Rosneft, Russia’s biggest oil company, has started holding meetings with foreign contractors and suppliers for a massive Vostok Oil project. Photo: Bloomberg Rail wagons for transporting oil stand in sidings at the RN-Tuapsinsky refinery operated by Rosneft in 2020. Rosneft, Russia’s biggest oil company, has started holding meetings with foreign contractors and suppliers for a massive Vostok Oil project. Photo: Bloomberg
Rail wagons for transporting oil stand in sidings at the RN-Tuapsinsky refinery operated by Rosneft in 2020. Rosneft, Russia’s biggest oil company, has started holding meetings with foreign contractors and suppliers for a massive Vostok Oil project. Photo: Bloomberg
Dmitriy Frolovskiy
Opinion

Opinion

The View by Dmitriy Frolovskiy

The China factor: why Russia is still betting big on oil

  • At a time when much of the West is planning an exit from fossil fuels, Russia is proceeding with an enormous oil project
  • One key reason is China, which doesn’t see a swift energy transition as a realistic path and could drive global oil demand in the medium term

Rail wagons for transporting oil stand in sidings at the RN-Tuapsinsky refinery operated by Rosneft in 2020. Rosneft, Russia’s biggest oil company, has started holding meetings with foreign contractors and suppliers for a massive Vostok Oil project. Photo: Bloomberg Rail wagons for transporting oil stand in sidings at the RN-Tuapsinsky refinery operated by Rosneft in 2020. Rosneft, Russia’s biggest oil company, has started holding meetings with foreign contractors and suppliers for a massive Vostok Oil project. Photo: Bloomberg
Rail wagons for transporting oil stand in sidings at the RN-Tuapsinsky refinery operated by Rosneft in 2020. Rosneft, Russia’s biggest oil company, has started holding meetings with foreign contractors and suppliers for a massive Vostok Oil project. Photo: Bloomberg
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Dmitriy Frolovskiy

Dmitriy Frolovskiy

Dmitriy Frolovskiy is a political analyst and independent journalist. He is a consultant on policy and strategy, and has written about Russia’s foreign policy.