Lofoten Ban To Last Until 2017 Suggests Norway Oil Minister

Norway’s Oil Minister Ola Borten Moe said he would recommend keeping a restriction on oil exploration off the northern islands of Lofoten and Vesteraalen until at least 2017 to preserve the fishing industry.

As quoted in market news:

I’m surprised by the minister’s recommendation. The conclusion should be the launch of an impact study.

Click here to read full Bloomberg article.