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Re: China mean while............
Telegraph.co.uk
Monday 10 June 2013
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China's CNOOC teams up with Icelandic company to explore for oil in the Arctic
CNOOC, the Chinese oil company, is to explore for oil in the Arctic in partnership with an small Iceland energy company, according to reports.
Iceland's Eykon Energy needed an international partner to succeed in its bid for a licence to explore around the island of Jan Mayen. Photo: Hotspot Media
7:42AM BST 10 Jun 2013
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The state-owned explorer is teaming up with Eykon Energy to bid for licences to look for oil off the northeast coast of Iceland, the Financial Times reports.
Eykon was told by Iceland’s energy authority it needed an international partner if it wanted to succeed in its bid for a licence to explore around the island of Jan Mayen, the newspaper reported.
Ties between China and Iceland have been growing. In April the small North Atlantic nation beceame the first European country to sign a free trade agreement with China.
The pact offered hope for its recession-battered economy, lowering tariffs on a range of goods and is expected to boost seafood and other exports from the remote Nordic state to the world's second-largest economy.
It also gave Beijing a leg up in its drive for expanded influence in the Arctic.
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30 Sep 2012
Iceland has unique importance to China as it attempts to gain a foothold in the Arctic, where melting ice is opening passages for shipping and could create a boom in extraction of resources such as gas, oil, diamonds, gold and iron.
China recently completed what is far-and-away the largest embassy complex in the Icelandic capital Reykjavik, reportedly capable of accommodating a staff of 500. Wen Jiabao, China's premier until a leadership transition was completed in March, included a rare stop in Iceland on a visit to Europe last year. -
Re: China mean while............
LOL I was wondering how the USA was going to ship all that Gulf Coast LNG to China. Now we know...Originally posted by Mega View Post
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