The potential mineral reserves on the land and the continental shelf of the Arctic zone of Russia has only been studied for 10% - 20%, said the head of Rosnedra Evgeny Petrov at the plenary session of "The Far East and the Arctic: sustainable development" conference.
TASS quotes his as saying that there are still a lot of geological "white spots" on the continental shelf of Russia.
"This is a resource base not even for the next 20-50 years, but maybe longer. However, it's not just oil and gas. In the deep-sea part, we already see iron-manganese nodules in the Arctic Ocean, which we have absolutely not yet evaluated," Petrov said.
"There are [also] our Far Eastern seas. This is a potential that we have not yet studied, and one which we are not working on yet."
Alex Shishlo for Rough&Polished
