Russia starts drilling its northernmost oil wellAugust 9, 2014 @ 12:00 pm
See all photos
MOSCOW (AP) -- Russia has begun drilling on its northernmost oil well, in the Kara Sea off the northern coast of Siberia.
The well is part of a joint project between the Russian state-owned oil company Rosneft and ExxonMobil to develop the region's oil reserves, which are estimated at up to 100 billion barrels.
The Russian-American project comes despite deteriorating relations between Washington and Moscow over the crisis in Ukraine, in which each side has hit the other with sanctions.
President Vladimir Putin, who gave the signal to begin the drilling Saturday in a video linkup between the Arctic and his summer residence in Sochi, praised the project as an example of "pragmatism and common sense."
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The Seattle Police Department unveils new uniforms, logo
'It Was My Turn'
K.J. Wright has signed a $27 million, four-year extension with the Seahawks
Find holiday events, Santa photo opportunities, and light displays
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.