White Iceland
Monday, April 25th, 2005, 05:16 PM
4.15.2005
Iceland to Allow Search for Oil
The ruling coalition has decided to start granting foreign oil comanies permission to search and drill for oil in Icelandic territory. Minister of Industry Valgerður Sverrisdóttir approved the plan during a coalition meeting today to begin the necessary preparations to start giving permits in the beginning of 2007. Drilling could begin as early as 2009.
Iceland to Allow Search for Oil
The ruling coalition has decided to start granting foreign oil comanies permission to search and drill for oil in Icelandic territory. Minister of Industry Valgerður Sverrisdóttir approved the plan during a coalition meeting today to begin the necessary preparations to start giving permits in the beginning of 2007. Drilling could begin as early as 2009.