Information about report: Oil and gas of the Russian Arctic: prospects and problems of development

The Ministry of Economic Development of Russia has formed a list of 145 projects that are being carried out or planned for implementation in the Arctic zone of the Russian Federation. Most of them (38.9%) are associated with the extraction and processing of minerals, primarily hydrocarbons. They are the most capital-intensive and large-scale.

The unfavorable situation on hydrocarbon prices in the world market slowed down the implementation of some projects in the Russian Federation. Under sanctions, the problem of shortage of domestic technologies and equipment for development of oil and gas deposits in the polar region is still topical. The situation was complicated by the new restrictive measures of the USA, imposed on August 2, 2017, concerning oil production in the Arctic. All these questions and many others will be raised during the working session.

Issues for discussion:

• Resource potential of oil and gas fields on land and the Arctic shelf
• Implementation of projects for oil and gas production in the regions of the Arctic zone
• The Russian Arctic shelf is the future of oil and gas production?
• Ways to reduce the cost of oil and gas production in the Arctic
• Prospective markets for Arctic hydrocarbons

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