The new variety of oil from the Prirazlomnoye deposit was named Arctic Oil.

The new variety of oil produced on the Prirazlomnoye deposit of the Russian shelf was named Arctic Oil (ARCO). One of the largest energy companies in Europe became the buyer of the first lot.

ARCO entered the world market for the first time. The marketing of the new varieties of ARCO was conducted among the refiners in North Western Europe in the first quarter of 2014. One of the largest energy companies in Europe became the buyer of the lot, the raw material was sold under the direct contract. After increasing the volume of production at Prirazlomnoye, part of the raw materials will be implemented on the basis of long-term contracts, the press office of Gazprom states.