There are both formal and informal international agreements concerning natural resources. If you’re talking about who they belong to and who can use them, a country has a right to resources within its land territory and within 200 nautical miles (230 miles/370 kilometers), which may be extended if the continental shelf reaches further out. Which is part of the fight over the Arctic fossil fuel reserves: who is closer or who can claim the part continental shelf under the Arctic as theirs.
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