` Gazprom and Rosneft have Licenses Now Russia Applies to UN to Affirm Borders ‘

#AceNewsServices – MOSCOW – May 14 – Russia will apply to the United Nations next year to affirm borders of its economic zone in the Arctic, Natural Resources and Environment Minister Sergei Donskoy said on Wednesday.

Arctic Shelf

Evidence will be presented to prove that 1.2 million square kilometres of water area, including the Mendeleev and Lomonosov ridges, were a continuation of Russia’s continental shelf, said Donskoy.

Research for the application, to be ready by November, has been under-way since 2006. This year, it will take place in the furthest northern Russian waters.


It will then take an examining commission several years to consider the application given the vast area involved.

Donskoy said he hoped Russia’s bid would be considered “professionally and without political bias”, as in the successful application for 52,000 square kilometres in the far eastern Sea of Okhotsk, approved last year.

Gazprom and Rosneft are officially the only companies with the right to explore the Russian Artic shelf, as they both received exclusive extraction licenses in return for large cash payments.

In 2009, Rosneft agreed to pay 1.4 billion roubles ($450 million) and Gazprom 1.2 billion in a resolution passed by the state Duma, but the exact amount paid in June 2013 for the licenses is unknown.

Russia has passed a law that only companies in which the state owns more than half and have at least 5 years of Arctic experience are eligible for permits



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