The Politics of Arctic Oil Exports
From Barents Observer
Russia is developing new major export capacities for oil, among them in the Arctic. However, political considerations will be instrumental as to how much oil will flow through respective routes, a Norwegian researcher argues.
In a seminar organized by the Calotte Academy in Kirkenes, Norway, today, Bjorn Frantzen, the co-author of a new report on Russian oil transport in the Barents Sea, said that Russia now is developing new major oil export capacity several places in the country, among them east-bound pipelines and new and bigger terminals along the Baltic Sea.
In the Barents Sea, the export capacity will be boosted to more than 100 million tons by year 2015, the researcher said.
However, that does not necessarily mean that Russian Arctic oil exports in the years to come will see a boom, Frantzen said.
The new routes will make export capacity bigger than export needs. It will be political considerations, which decide through which route the oil will flow, Mr. Frantzen said.