Chinese oil company awarded exploration license in Iceland

It possibly came as a big surprise to many, when it was announced recently that the national oil company of China was interested in exploring for oil and gas in Iceland.

The national Chinese oil company CNOCO has now been awarded its first ever oil exploration license in this part of the world. This Chinese interest should most probably be seen in relation to the Chinese strategy for the whole arctic region as hopefully becoming involved in a possible oil adventure in the arctic part of the world.

Read more here

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