Monday, July 14, 2008

Russia's Putin tours new rig in Arctic oil drive

Russian Prime Minister Vladimir Putin on Friday toured a new Arctic oil rig intended to boost Moscow's position in the intensifying competition for northern energy reserves. Putin also met ministers and top oil executives in the Severodvinsk shipyard to discuss prospects for developing more Arctic fields, which are estimated to contain up to a quarter of Russia's proven oil and gas reserves.

[everyone but us. If only we had a National Reserve in the Arctic]

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