Kremlin lays claim to huge chunk of oil-rich North Pole

[Emit]

Kremlin lays claim to huge chunk of oil-rich North Pole

Luke Harding in Moscow
Thursday June 28, 2007
The Guardian

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According to Russian scientists, there is new evidence backing Russia's claim that its northern Arctic region is directly linked to the North Pole via an underwater shelf.

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... a group of Russian geologists returned from a six-week voyage on a nuclear icebreaker. ... According to Russia's media, the geologists returned with the "sensational news" that the Lomonosov ridge was linked to Russian Federation territory, boosting Russia's claim over the oil-and-gas rich triangle. The territory contained 10bn tonnes of gas and oil deposits, the scientists said.

Russia's Komsomolskaya Pravda newspaper celebrated the discovery by printing a large map of the North Pole. It showed the new "addition" to Russia - the size of France, Germany and Italy combined - under a white, blue and red Russian flag.

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The shelf was 200 metres deep and oil and gas would be easy to extract, especially with ice melting because of global warming, he said. Russia has the world's largest gas reserves. It is the second largest exporter of oil after Saudi Arabia. The Kremlin is keen to secure Russia's long-term hegemony over global energy markets, and to find new sources of fuel.

Russia first made a submission in 2001 to the UN commission on the limits of the continental shelf, seeking to push Russia's maritime borders beyond the existing 200-mile zone. It was rejected.

But the latest scientific findings are likely to prompt Russia to lodge another confident bid - and will alarm the US, which is mired in a 13-year debate over ratification of a UN treaty governing international maritime rights. The Law of the Sea Treaty is the world's primary means of settling disputes over exploitation rights and navigational routes in international waters. Russia and 152 other countries have ratified it. But the US has refused, arguing it gives too much power to the UN. If the US does not ratify it, Russia's bid for the Arctic's energy wealth will go unchallenged, proponents believe.

http://www.guardian.co.uk/international/story/0,,2113056,00.html