Norway Russia Barents Sea Agreement

The search for new resources could be a timely undertaking and an interesting impact on domestic policy in Norway. One of them could be the status of the Lofoten and Vesterales as future oil and gas regions, a politically hot topic in Norway, where industry opposes an active environmental movement. So far, the government has postponed carbon extraction in this area, perhaps hoping to find another field in the Barents Sea. Without the delimitation agreement, the status of extraction outside the archipelagos would probably be very different. The parties also agree to combat marine pollution as a result of fishing activities and the agreement provides technical rules for fisheries implementation, control measures and research cooperation. Whatever resources will be found in the future on the Norwegian and Russian sides, both countries can already claim victory. It is above all a political agreement that pays tribute to diplomacy and negotiation, but also an agreement that can have considerable economic benefits for countries. According to some experts, total revenue from the implementation of the contract could reach $200 billion. This has the potential to significantly strengthen both land and offshore cooperation. The 2010 agreement sets the maritime limit of eight points and almost divides the disputed area in two. The underlying calculation is for the longest Russian coast, but other factors cited by Russia do not appear to have influenced the demarcation line. The north end point of the demarcation line is defined as the intersection of the line drawn by points 7 and 8 and the line that connects the easternst and most westerly points of the undefined external boundaries of the continental regions of the States Parties. [8] The 2010 agreement authorizes Russia to exercise sovereign rights and jurisdictions arising from the EEZ jurisdiction that Norway could exercise in an area east of the maritime demarcation line less than 200 nm from mainland Norway and beyond 200 nm off the Russian coast.

The 2010 agreement does not affect the implementation of cooperation agreements between States Parties on fisheries cooperation. However, as soon as it enters into force, the 2010 agreement would end the 1978 Grey Zone Agreement and the moratorium on the exploration and exploitation of hydrocarbon resources in the 1980s. There are also provisions for the coordinated use of cross-border hydrocarbon resources. – Murmansk is very important in the cooperation between our two countries, said President Medvedev. The Norwegian Prime Minister said: – I am pleased that the agreement is signed here in Murmansk. Murmansk is a crossroads in cooperation between Norway and Russia. By reaching an agreement on the demarcation line with Russia in the Barents Sea, Norway has clarified its last maritime border less than 200 nm off its coast, thus guaranteeing predictability and legal certainty. This is important, among other things, for the adoption and enforcement of environmental and fisheries legislation. The 2010 agreement also defines the maritime boundary of the Arctic Ocean continental shelf. With a 2006 agreement between Norway, Iceland, Denmark and the Faroe Islands on a modus vivendi relating to the delimitation of the common continental shelf of States Parties beyond 200 nm in the North-East Atlantic, the entry into force of the 2010 agreement would be the maritime border between the continental outer docks of the Norwegian archipelago of Svalbard and Greenland , last unresolved border issue regarding interests in northern Norway, to leave.

[9] This problem will probably be resolved soon. The agreement stipulates that a long-standing Soviet-era dispute over the Barents Sea is suspended.