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    market news

    Lofoten Ban To Last Until 2017 Suggests Norway Oil Minister

    Investing News Network
    Nov. 23, 2012 11:22AM PST
    Resource Investing News

    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.

    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.

    oil explorationmarket news
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