" YOU can help make a difference, get involved... "
PCO Press Room
Sponsors
Past Events
COP15
Link to PCO
Norway and Russia agreed on final Arctic border deal
last update: Sep 07, 2010 11:34 AM
From a "Reuters Africa" article: Earlier this week, Norwegian Prime Minister Jens Stoltenberg announced that Norway and Russia have agreed to a final delineation of their Arctic maritime border and will sign a treaty next week.
This follows the initial agreemeent which was signed in April by Stoltenberg and Russian President Dmitry Medvedev on the border after four decades of negotiations, paving the way to open the potentially oil- and gas-rich region for offshore exploration.
Stoltenberg told Norwegian state broadcaster NRK "There is agreement on exactly where the boundary line should be and on cooperation in the region, including on energy. This is what we shall sign and make public next week. That we have in place an agreement, means we can open up for business in this area."
This new border deal gives Norway a chance to extend its oil boom as North Sea reserves are depleted but Stoltenberg said it would be years before the region is opened up for oil and gas activities.
Read more:
Reuters Africa, 6th September 2010
