Saturday, 1 November 2014

Russia warns it's coming for the Arctic's oil, including an area Canada claims as its own

Russia warns it's coming for the Arctic's oil, including an area Canada claims as its own


Russia has warned that it will revive its claim to a huge swathe of the Arctic in the hope that it can secure the rights to billions of tons of oil and gas. Moscow has long seen the seabed off its northern coastline as a mine of valuable hydrocarbons and is keen to fend off rival bids for control over the region’s resources.

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