According to news agency RIA Novesti, the Russian Ministry of Natural Resources has requested qualified offerers to present proposals for preparing documents backing its claim to expand the boundaries of its continental shelf under the Arctic Ocean. Russia is competing with other Arctic nations (such as Denmark and Canada) for territorial expansion under the authority of the United Nations Commission on the Limits of the Continental Shelf.
According to a report in the Barent’s Observer, Russia moved its original March 2015 deadline claims ahead to the beginning of 2016 to bolster its claims. The proposed contract to back the claim closes on 13 March 2015. Russian Minister of Natural Resources, Sergey Donskoy has said that the claim, if successful, would expand Russian hydrocarbon resources by 258 billion tons of fuel equivalent.
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