SHS Web Conf.
Volume 84, 2020First International Scientific Seminar “Circumpolar Studies” 2020
|Number of page(s)||6|
|Section||Sustainable Development of Arctic|
|Published online||10 November 2020|
Arctic oil and the eastern direction of Russia's energy policy
Kola Science Center RAS, 184209, Fersman st., 14б, Apatity, Russia
The article describes the main features of Russia’s position in the traditional and promising oil markets of Europe and China in the context of the importance of oil and gas income in the country’s economy in the formation of the Federal budget of the Russian Federation. The resource base of the eastern direction of oil transportation “Polar region - Eastern Siberia - Pacific Ocean” is evaluated and the geo-economic feasibility of increasing oil supplies to China is justified. At the same time, the developed resource base the West Siberian oil and gas province will not be enough to ensure growing supplies in the east while maintaining the level of oil exports to Europe. Therefore, the task is to develop oil energy resources in the Arctic.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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