Russia Resubmits Claim For Energy-Rich Arctic Shelf

Russia Resubmits Claim For Energy-Rich Arctic Shelf
Russia announces it resubmit a claim to the UN, a drive to secure more of the mineral-rich region where other countries have rival territorial interests.


MOSCOW, Aug 4 (Reuters) - Russia said on Tuesday it has resubmitted a claim to the United Nations for some 1.2 million square km of the Arctic shelf, a drive to secure more of the mineral-rich region where other countries have rival territorial interests.

The Russian economy is overwhelmingly reliant on natural resources and the Arctic's estimated huge oil and gas reserves are expected to become more accessible as climate change melts and ice and technology advances.

This prospect has attracted other nations, including Norway, the United States, Canada and Denmark while international energy companies are planning large drilling campaigns.

"The Russian bid covers underwater area of some 1.2 million square km extending for more than 350 nautical miles from the coast," the Russian Foreign Ministry said in a statement.

"A vast array of scientific data collected during many years of Arctic research serves to justify Russia's rights to this area."

The Arctic rush carries considerable climate risks, campaigners say. Greenpeace, which is calling for a protected sanctuary in the uninhabited area around the North Pole, said on Tuesday Russia's move was "ominous".

"The melting of the Arctic ice is uncovering a new and vulnerable sea, but countries like Russia and Norway want to turn it into the next Saudi Arabia," it said in a statement.

The United Nations' rejected Russia's original claim for the same territory more than a decade ago, asking for more research to back it.

Russian President Vladimir Putin has since made securing Russian claims to the Arctic a top priority and expanded Moscow's military presence there.

Russia says an underwater mountain range known as the Lomonosov Ridge, which stretches across the Arctic Sea, is part of its own Eurasian landmass. Hence, Moscow says, its Arctic shelf extends up to the North Pole.

(Reporting by Gabriela Baczynska, editing by David Evans)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
cengland | Aug. 4, 2015
Does not bode well for Arctic stability. Many countries can stake claim to same resources if you extend all continental shelf rights. Eventually, they overlap. Alaska itself could lay claim to many of the same resources.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Logistics Coordinator & Optimization Analyst
Expertise: Logistics Management
Location: Billings, MT
United States Odessa: Integrated Service Coordinator
Expertise: HSE Manager / Advisor
Location: Odessa, LA
Associate Category Manager or Category Manager Job
Expertise: Logistics Management|Purchasing|Supply Chain Management
Location: Denver, CO
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours