WATCH TV LIVE

Tags: Russia | Arctic Circle | oil | drilling

LIGNET: Russia Taps Arctic Oil, Leaving Rivals in Its Wake

The Prirazlomnaya drilling platform, owned by Gazprom, is towed to its home in the Pechora Sea. The Arctic region is estimated to hold 90 billion barrels of oil and 1,669 trillion cubic feet of natural gas, according to the US Geological Survey. (Gazprom)

Tuesday, 22 April 2014 03:42 PM EDT

As Western nations struggle to appease environmentalists, Russia is moving fast to tap huge oil and gas deposits in the Arctic Circle, making its first oil shipment from an offshore drilling platform in the Arctic Ocean on April 18.

Moscow is likely now to attempt to fortify its dominant position in the icy region in a bid to protect its interests.

Click HERE to read an exclusive analysis by LIGNET's top intelligence experts.

Click Here to comment on this article

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

Yes, Send Me News Alerts via email

(Optional for Local News)

Privacy: We never share your email address.

Join the Newsmax Community

Read and Post Comments
Please review Community Guidelines before posting a comment.

Hot Topics

Debt Ceiling

Ron DeSantis

FBI

Immigration

Joe Biden

Hunter Biden

News Media

Transgender

Russia-Ukraine War

Newsmax TV

You May Also Like

Senate Approves Debt Ceiling Deal, Sending it to Biden

Thursday, 01 Jun 2023 22:32 PM

Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grin . . .

Questions Swirling Over Networks, RNC Debates

Friday, 02 Jun 2023 07:55 AM

Questions are arising about which television networks will host the GOP presidential debates, or if the major candidates . . .

TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

Download the NewsmaxTV App