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Norway to vote on opening two frontier Arctic areas to oil: minister

Wed, 01/09/2013 - 9:25am
Reuters

OSLO (Reuters) - Norway's Parliament is expected to vote this year on opening two major frontier Arctic areas to oil and gas exploration, the country's energy minister said on Wednesday.

The world's eighth-largest oil exporter is opening large swathes of its northern offshore areas to oil exploration in order to mitigate falling production in the North Sea.

Among the areas being opened are the waters off Jan Mayen island, a speck of land situated to the north-east of Iceland, some 1,000 kilometers (621 miles) west of Europe.

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