Davis Strait estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural gas liquids. This has led Greenland's minister and provincial council to offer a large number of off-shore concessions to potential hydrocarbon (oil and gas) extraction. The largest concessions areas are located in seas west of Greenland, primarily the Davis Strait and Baffin Bay, but with several smaller concessions in the Greenland Sea in the east also.
Kerch Strait Kerch Strait The Kerch Strait (, , ) is a strait connecting the Black Sea and the Sea of Azov, separating the Kerch Peninsula of Crimea in the west from the Taman Peninsula of Russia's Krasnodar Krai in the east. The strait is to wide and up to deep. The most important harbor, the Crimean city of Kerch, gives its name to the strait, formerly known as the Cimmerian Bosporus. The Krasnodar Krai side of the strait contains the Taman Bay encircled by Tuzla Island and the 2003 Russian-built -long dam to the south and Chushka Spit to the north.