Norway, Russia agree to Arctic border, paving way to oil exploration
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Norway and Russia have agreed to a final delineation of their Arctic maritime border and will sign a treaty next week, Norwegian Prime Minister Jens Stoltenberg said Monday. In April, Stoltenberg and Russian President Dmitry Medvedev signed an initial agreement on the border after four decades of negotiations, paving the way to open the potentially oil- and gas-rich region for offshore exploration.
"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," Stoltenberg told Norwegian state broadcaster NRK. (Reuters)
