Re, Where is the ARTIC area ??
A: You must have been asleep at school ...!!
The Arctic isthe northernmost region of Earth. Most scientists define the Arctic as the area within the Arctic Circle, a line of latitude about 66.5° north of the Equator. Within this circle are the Arctic ocean basin and the northern parts of Scandinavia, Russia, Canada, Greenland, and the U.S. state of Alaska.
People also ask
What countries are in the Arctic region? The covers parts of eight countries: Canada, Greenland, Iceland, Norway, Sweden, Finland, Russia, and the United States.
Oil Reserves in the Arctic region
3 Aug 2019
It's no wonder: Projections show that the area of land and sea that falls within the Arctic Circle is home to anestimated 90 billion barrels of oil, an incredible 13% of Earth's reserves. It's also estimated to contain almost a quarter of untapped global gas resources...
How much oil is in the Canadian Arctic?
Estimated Canadian Arctic Oil and Gas Reserves10 billion barrels of oil equivalent (BBOE) and is only topped by Arctic Alaska with approximately three times as much...
Is Greenland rich in oil?
Greenland. Greenland is believed by some geologists to have some of the world's largest remaining oil resources. ... U.S. Geological Survey found in 2001 that the waters off north-eastern Greenland, in the Greenland Sea north and south of the Arctic Circle, could contain up to 110 billion barrels (17×109 m3) of oil...
Why does Russia want the Arctic?
Russia wants to establish its Arctic possessions as a major resource base by 2020. As climate change makes the Arctic areas more accessible, Russia, along with other countries, is looking to use the Arctic to increase its energy resource production.
What is China doing in the Arctic?
As part of its global Belt and Road Initiative, China is investing in the Arctic — setting up research stations, investing in mining and energy, and working with Russia to create a new sea route through the Arctic Ocean. It's also stoked concerns from the US.12 Oct 2020
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