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Russia to handpick partners for exploration of Arctic

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Uploaded by on Jul 18, 2008

The right of major companies to explore a disputed energy-rich area known as the continental shelf will be decided by the Russian government alone, according to President Dmitry Medvedev.

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  • Dude... think of pangaea man. A Milennia worth of living entities have died and no doubtedly turned into fossil fuels. So when Pangaea breaks up to form the continents, and the shelf being a continent not fully explored or bothered. Bingo, a huge mass of unbothered land that more than likely contains millions and millions of gallons of fossil fuels. So yes, it is more than likely resource rich. If its true, expect a war once its fact!

  • The arctic shell is intergrial part of Russian Federation !

    And we will defend arctic with the termonuclear weapons !

  • This is russia's stupid attempts to become an oil giant and when America wants to put missle defense system in Chezk Republic and Poland Russia thinks it will be so powerful that it can use this oil as leverage!!!

    hahahah

    and claiming part of antartica since the geneva law of 1958 has made Artartica a no claim zone!!! Just suck it up russia and move on..

  • they opened 12 places in 2002 where oil can be found and extracted

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