Wednesday, March 14, 2012

How much oil is in the Arctic?


 
29.11.2011, 11:28
For years, experts believed that the Arctic Region contained about 20% of the world’s unexploited oil and gas reserves. Now, there are reasons to believe that the Arctic hides a much greater share of natural resources.
For years, experts believed that the Arctic Region contained about 20% of the world’s unexploited oil and gas reserves. Now, there are reasons to believe that the Arctic hides a much greater share of natural resources.Due to the fact that over the past 15-20 years no large onshore oil or gas deposits have been discovered on the territories of the world’s principle oil and gas producers, Russia included, 30% of oil and gas production has been aimed seawards. This will make the Arctic Region a global oil and gas hub in the near future.

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