What natural resources are found in the Arctic area?

Oil & Gas. The Arctic contains a wealth of petroleum and mineral resources. Currently, the region produces about one tenth of the world's oil and a quarter of its natural gas. read more

Natural resources of the Arctic are the mineral and animal resources within the Arctic region (sometimes defined as north of the Arctic Circle) that provide or have potential to provide utility or economic benefit to humans. read more

The Arctic contains a wealth of petroleum and mineral resources. Currently, the region produces about one tenth of the world's oil and a quarter of its natural gas. The Russian Arctic is the source for about 80 percent of this oil and virtually all of the natural gas; Arctic Canada, Alaska, and Norway are the other leading producers. read more

Right now, the main exploited resource is petroleum. The next resource are the natural passages traversible during the late summer by cargo ships. The next exploited resource are probably animals. read more