Far North (Russia) Far North (Russia) The Extreme North or Far North () is a large part of Russia located mainly north of the Arctic Circle and boasting enormous mineral and natural resources. Its total area is about , comprising about one-third of Russia's total area. Formally, the regions of the Extreme North comprise the whole of Yakutia, Magadan Oblast, Kamchatka Krai and Murmansk Oblast, as well as certain parts and cities of Arkhangelsk Oblast, Komi Republic, Tyumen Oblast, Krasnoyarsk Krai, Irkutsk Oblast, Sakhalin Oblast, Khabarovsk Krai, as well as all islands of the Arctic Ocean, its seas, the Bering Sea, and the
Arctic policy of Russia joint development of ice-resistant drilling platforms and other Arctic technologies. This deal followed a failed attempt at a similar cooperation between Rosneft and BP in May. Chevron is currently in talks with Rosneft about jointly developing Arctic resources. Russia is the only country in the world planning to use floating nuclear power plants. The "Akademik Lomonosov", expected to go into operation in 2012, will be one of eight plants that will provide power to Russian coastal cities. There are plans for these plants to also provide power to large gas rigs in the Arctic Ocean in the future. The Prirazlomnoye