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Murmansk Enjoys Barents Sea Natural Gas
June 30, 2007 | BBC

Murmansk has seen an extended depressed economy but oil and natural gas development in the Barents Sea is starting to give the economy a boost. Many believe that up to 25% of the world’s remaining oil and natural gas reserves are in the Arctic and activity in the Shtokman Gas Field (largest offshore field in the world) and the Prirazlmnoye Oil Field are close to Murmansk. The BBC article says “Murmansk is set to become Russia’s version of the Arab states.”

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