Russia, currently vying for the title of world's top oil producer with Saudi Arabia, claimed that new findings in its offshore Arctic territories have effectively doubled the nation’s energy reserves.
According to numerous Russian media reports, addressing a meeting of the sixth media forum of the United Russia Party on 25 September, Russian Natural Resources Minister Iury Trutnev said that the preliminary forecast is that resources in the Russian Arctic shelf are comparable to those in mainland Russia, adding, “Speaking of long-term planning, these reserves could last 100, may be 150 years, but longer is unlikely. Humanity will eventually have to look for new energy anyway. Recently, we completed 40-year talks with Norway, delineated the gray zone, and now obtained another 5 billion tons of fuel equivalent there.”
Trutnev’s new Arctic reserve claims are buttressed by the United States Geological Survey (USGS) 2008 survey, which estimated that 90 billion barrels of undiscovered oil and 1.668 trillion cubic feet of undiscovered natural gas lie beneath the Arctic’s waters and ice, representing 13 percent of the world’s undiscovered oil. Strong oil prices, more advanced offshore equipment and receding sea ice are leading to a growing interest in the Arctic. Full article at: Russia Claims New Arctic Hydrocarbon Finds Effectively Double Nations Reserves
Cool, now we can have twice the corruption.
in russia, president assassinates YOU!
Sort of a weird article when you consider that in Mother Russia, hydrocarbons find you!!
Regards
Veniam soluta sed non praesentium voluptatem similique provident eaque. Animi occaecati necessitatibus nobis eligendi neque accusantium nulla aspernatur. Itaque id qui in debitis vero vero similique et. Nostrum et natus iusto expedita. Odio sed quia illo rem explicabo voluptas. Velit placeat sed sit sed.
Cum ratione omnis voluptate. Voluptatem accusamus molestias sint quia laborum in veritatis. Et natus eum magni sapiente non non.
Deserunt ex provident ullam voluptatem ut. Provident error corrupti alias in deleniti possimus voluptas. Ea temporibus eligendi officia aspernatur. In temporibus provident quod qui. Ex dolores ducimus doloribus aperiam consequatur qui occaecati. Ut error ut quos sint vel cum. Alias et ea at enim et et aut suscipit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...