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Russia's tantalizing Arctic oil and gas deposits.


By John Kemp

Nov 8 (Reuters) - Some of the world's largest undiscovered oil and gas deposits lie under shallow seas on the broad continental shelves off the northern coasts of Alaska, Canada and especially Russia -- a tantalising prize for the major international oil companies, but once which has so far eluded them.

"The extensive Arctic continental shelves may constitute the geographically largest unexplored prospective area for petroleum remaining on Earth," according to the United States Geological Survey (USGS).

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