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Energy

Putin ally to pitch Arctic oil investment in Japan visit

Rosneft chief Sechin to brief trading houses Mitsubishi, Mitsui and Itochu

Rosneft looks to tap Siberian oil fields to supply energy-hungry Asian economies.   © Reuters

TOKYO -- Russian state-controlled oil company Rosneft will sound out the Japanese government and companies including Mitsubishi Corp. on investing in a $157 billion Arctic development project, Nikkei has learned.

Rosneft CEO Igor Sechin -- a close ally of Russian President Vladimir Putin -- is to visit Japan soon to brief potential partners on the Vostok Oil venture and seek investment and other support.

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