Competition to gain access and control of this ‘yet-to-be-exploited’ region is heating up with a vengeance
For centuries, the Arctic’s hostile climate has ensured its status as “one of the very few remaining” unspoiled parts of the world, said Ashok Swain in Gulf News (Dubai). However, it’s also one of the planet’s most resource-rich regions, estimated to hold 13% of the world’s oil (some 90 billion barrels) and 30% of undiscovered natural gas reserves.
