China, Norway may team up in search for Arctic oil | Reuters

Norway is deciding whether to team up with China to explore for oil in Iceland, Icelandic authorities said, setting up a rare cooperation for the two since a diplomatic row over the award of the 2010 Nobel Peace Prize to Chinese dissident Liu Xiaobo.

Norway has the right to join an exploration license with Chinese oil firm CNOOC to look for oil in the waters between Iceland and Norway’s Jan Mayen, a tiny speck of land in the Arctic.

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via China, Norway may team up in search for Arctic oil | Reuters.

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