A helicopter lands on an oil rig off Sakhalin island (photo: dpa)

Energy: Sakhalin - the politics of an island's vast oil wealth

A remote island and former penal colony on the Far East coast of Russia is attracting the world's energy giants with promises of potential wealth from huge hydrocarbon reserves. But the dream of limitless opportunity and vast wealth, hasn't held true for all. GIS expert Professor Stefan Hedlund explains.

FOR the global energy giants, the collapse of the USSR in 1991 was to be a real game changer.

What for decades had been an exclusive Soviet state monopoly was suddenly opened up to foreign participation.

Eager to attract multi-billion dollar investments, and the associated cutting-edge technology, governments across the...

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Professor Stefan Hedlund
An estimated 45 billion barrels of oil equivalent lie beneath the icy seas off its shores, a figure rivalling what remains in the US or Europe
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