Lead, Russia Oil and Gas
More than 40 large hydrocarbon deposits in the Arctic are in the Russian sector. And next year, after submission of an application to the United Nations, Russia plans to expand its domain due to the Lomonosov and Mendeleev Ridges.
At the end of last year, Russia received the first batch of Arctic oil. The development of the Arctic shelf began from the development of Prirazlom field. In general, about 60 large deposits of hydrocarbons are in the Arctic, more than 40 of them are located in the Russian sector. Today Russia is now planning to expand its domain due to the Lomonosov and Mendeleev Ridges at the bottom of the Arctic Ocean. The corresponding application is expected to be submitted to the United Nations next year.