Date
16 October 2017

Norway, China may team up in search for Arctic oil, Reuters says

Norway is deciding whether to team up with China to explore for oil in Iceland, Reuters reported Wednesday, citing Icelandic authorities. Norway has the right to join an exploration license with Chinese oil firm CNOOC to look for oil in the waters between Iceland and Norway’s Jan Mayen, a tiny speck of land in the Arctic, the report said. Communications between Beijing and Oslo have been mostly cool since a diplomatic row over the award of the 2010 Nobel Peace Prize to Chinese dissident Liu Xiaobo, it said. “We expect an answer from the Norwegian authorities in the last week of November,” Gudni Johannesson, director general of Iceland’s National Energy Authority, said.

– Contact HKEJ at [email protected]nsight.com

SK 

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