Russia Claims North Pole in Global Race for Oil

Russia Claims North Pole in Global Race for Oi

Two Russian vessels have reached the North Pole and will attempt to plant a Russian flag on the Arctic seafloor as part of a scientific expedition, according to the government-owned ITAR-TASS news agency.

The stunt is part of an ambitious Russian plan to claim a large swath of the Arctic believed to contain vast reserves of untapped oil and gas deposits at a time when global oil use is rising swiftly and scientists predict oil production could peak as early as next year.

Latest Videos From
TOPICS