Lofoten Ban To Last Until 2017 Suggests Norway Oil Minister

Energy Investing

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.

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