Estimates suggest more than than 90 billion barrels of oil and 50 trillion cubic metres of natural gas have yet to be discovered beneath the frozen seas of the Arctic. Who has the most claim to the region?

MENA accounts for two thirds of proven global oil reserves and is regarded as the world’s most influential oil province, eclipsing all other regions by some margin. Over the next five years, the region will see strong growth in hydrocarbon production as the world becomes increasingly reliant on oil supplies within the region.