Russia Boldly Seeks Oil in Arctic

RussianArcticOilPlatform2011-02-27.jpg“The Prirazlomnaya oil platform was brought to the Arctic seaport of Murmansk, 906 miles north of Moscow, to be adjusted.” Source of caption and photo: online version of the NYT article quoted and cited below.

(p. B1) MOSCOW — The Arctic Ocean is a forbidding place for oil drillers. But that is not stopping Russia from jumping in — or Western oil companies from eagerly following.

Russia, where onshore oil reserves are slowly dwindling, last month signed an Arctic exploration deal with the British petroleum giant BP, whose offshore drilling prospects in the United States were dimmed by the Gulf of Mexico disaster last year. Other Western oil companies, recognizing Moscow’s openness to new ocean drilling, are now having similar discussions with Russia.

For the full story, see:
ANDREW E. KRAMER and CLIFFORD KRAUSS. “Russia Embraces Arctic Drilling.” The New York Times (Weds., February 16, 2011): B1-B2.
(Note: the online version of the article was dated February 15, 2011 and had the title “Russia Embraces Offshore Arctic Drilling.”)

ArcticOilAndGasMap2011-02-27.jpg

Source of map: online version of the NYT article quoted and cited above.

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