Arctic Oil & Gas proven reserves

The latest survey reported that the Arctic is not the world's oil reserves account for 13 percent of oil and natural gas accounted for 30 percent worldwide. Canadian media to comment on the 28th that this data will be strengthened, including Canada, the Arctic Ocean between the Arctic nations scramble for sovereignty.

The latest report by the U.S. Geological Survey made, published in this month "Science" magazine. The report claimed that this is "the natural resources of the region carried out a detailed article, after peer review, based on a geological assessment."

Reported that the Arctic region has 80 billion barrels of crude oil production, the next several decades to supply the needs of the world market. Although this is not enough to change the world balance of oil exploitation, but "may affect the economic territory, especially in the area of people's way of life." Moreover, the natural gas resources in the Arctic even more impressive, the number is nearly three times the oil resources.
In recent years, Canada, Russia, the United States and Denmark have in a positive measure of the Arctic region in order to find support for its territorial integrity and sovereignty of the evidence to meet the provisions of the United Nations Law of the Sea.

Source: www.in-en.com May. 29, 2009