undiscovered oil and gas reserves

  • Russia Intensifies Military Presence in Arctic Oil&Gas Territories

    Russia Intensifies Military Presence in Arctic Oil&Gas Territories

    Tuesday, 29th December 2015
    Russia is building six new military bases in the disputed Arctic territory with an intention to protect its position in the global competition for the unexplored extensive oil and gas reserves, estimated at 90b barrels of oil and 30% of the world's undiscovered natural gas.