Marine Link
Saturday, December 14, 2024

Beijing, Moscow Discuss O&G Exploration in Arctic

Maritime Activity Reports, Inc.

July 8, 2015

Beijing and Moscow discussed the potential participation of Chinese companies in natural resources exploration in Russia's Arctic, a senior Chinese Foreign Ministry official said on Wednesday.

Russia has been struggling to speed up oil and gas exploration in resource-rich offshore Arctic areas due to Western sanctions restricting foreign companies from helping Russia tap the deposits.
 

(Reporting by Katya Golubkova)
 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week