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2015-08-06 18:30:00

RUSSIAN ARCTIC ENERGY

RUSSIAN ARCTIC ENERGY

Russia has pressed a claim at the United Nations for an additional 1.2 million square kilometres of Arctic shelf, stepping up a race for the region's hydrocarbon and mineral wealth.

In a submission to back a 2001 claim at the UN Commission on the Limits of the Continental Shelf, Russia said research showed it had rights over the swathe – an area the size of South Africa.

This would include the North Pole and potentially give Russia access to an estimated 4.9 billion tonnes of hydrocarbons, according to government estimates.The Arctic has become a theatre…

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Tags: RUSSIA, ARCTIC, OIL, GAS

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