Norway's Arctic Oil Pitch Falls Flat in Brussels ...Middle East

Economy by : (OILPRICE) -
The European Commission is expected to keep its current ban on oil and gas drilling in the Arctic despite months-long campaigning from Norway to lift the moratorium, a spokesperson for the EC has told Euronews. The Commission, the European Union’s legislative arm, is expected to announce a revamped Northern Neighbourhood strategy on October 20. But the new strategy is expected to keep the moratorium on drilling in Arctic waters, according to the spokesperson. Norway, not an EU member but a close EU ally, is Western Europe’s top oil…

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