Mr Priamikov said the area was one of breathtaking natural beauty. It was much drier, colder and quieter than the western Arctic, he added. “I’ve been there many times. It’s an oasis for marine life,” he said. Asked whether it would be feasible to drill for oil, he said: “Yes”.
The shelf was 200 metres deep and oil and gas would be easy to extract, especially with ice melting because of global warming, he said.Luke Harding | Kremlin lays claim to huge chunk of oil-rich North Pole