Gazprom Neft is planning to create a joint venture with Novatek in the first half of 2021 to work at the Severo-Vrangelevsky license area in the Arctic. According to CEO Igor Rustamov, the company's share in the venture will be larger than that of Novatek. "This is conditioned by the agreements of the parties and the requirements of the legislation. But it is important that the joint venture is created on the principles of partnership," he explained.