BP and the oil may be common arctic exploration oil reserves

According to the United States (upi) on March 25, Moscow, Russia's oil sector one executive told reporters on Monday in Moscow, said after the acquisition over tnk-bp, the British energy giant BP (BP) and Russia's state-owned oil giant Rosneft, Russia's oil/Rosneft) goal will be to explore Russia's vast oil reserves in the arctic.

Russian President vladimir putin signed in February this year an arctic development strategy, the strategy involved in the Russian federation in the arctic exploration of oil and gas reserves.

Electronic trade & commerce, The weather is warming makes no ice in the arctic is longer. The U.S. geological survey estimates that 80% of the world's undiscovered oil and 20% undetected gas may contain in the arctic.

The largest oil company exxon mobil oil with Russia signed an agreement last year to develop the black sea and the south in the Russian arctic kara in some parts of the agreement. Kara may have 85 billion barrels of oil reserves.